Hotels only · No pay-to-rank · Advice first; verified when attested
Midwest · secondary
Downtown convention and Cultural District inventory. Apple’s 2022 AC Hotel Pittsburgh Downtown $34.0 million tape is a 134-key rooms-focused buy — not the Louisville AC $51.0 million tape. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices.
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Pittsburgh · Upscale
134 keys · Pittsburgh · AC Hotel
Downtown Pittsburgh AC. Apple bought the existing 134-key house on October 25, 2022 for $34.0 million (2022 10-K table). Seller unnamed. Not the Louisville AC $51.0 million tape. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices.
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AC Hotel Pittsburgh Downtown · 134 keys · Upscale
Consideration
$34.0M
$254k / key
Apple 2022 10-K table: $34.0 million for the existing 134-room downtown AC Hotel. Downtown AC — not a University Circle Courtyard PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2022 (closed October 25)
Apple acquired the existing 134-room AC Hotel Pittsburgh Downtown on October 25, 2022 for a $34.0 million gross purchase price. Harbor PPK is $34.0 million ÷ 134. Apple rounded the same math to about $254,000 per key. Use the table price, not transaction costs. Seller unnamed. Not the Louisville AC $51.0 million tape. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices. Older than the 2025–26 blotter cut.