Hotels only · No pay-to-rank · Advice first; verified when attested
Northeast · secondary
Small-coastal gateway with a leisure and small-corporate mix. Apple’s 2017 Residence Inn Portland, Maine $55.750 million / 179 tape is this market — not the 2021 AC $66.75 million or Aloft $51.15 million tapes. Those 2021 tapes are this market — not Portland, Oregon, not the 2021 Pearl District Hampton $75.0 million tape, and not a Back Bay palace PPK.
Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.
Portland, Maine · Upscale
178 keys · Portland · AC Hotel
Portland, Maine AC Hotel. Apple bought the 178-key house on August 20, 2021 for a $66.75 million gross purchase price (Q3 2021 10-Q). Seller unnamed. Not Portland, Oregon, not the 2021 Pearl District Hampton $75.0 million tape, and not a Back Bay palace. The $147.9 million Maine + Greenville line is the sum of this price plus Hyatt Place Greenville plus Aloft Portland, Maine.
Portland, Maine · Upscale
157 keys · Portland · Aloft
Portland, Maine Aloft. Apple bought the 157-key house on September 10, 2021 for a $51.15 million gross purchase price (Q3 2021 10-Q). Seller unnamed. Not Portland, Oregon. The $147.9 million Maine + Greenville line is the sum of three named 10-Q prices. Apple’s 23-hotel $234.6 million 2021 sales line stays combined.
Portland, Maine · Upscale
179 keys · Portland · Residence Inn
Portland, Maine Residence Inn. Apple bought the existing 179-key house on October 13, 2017 for $55.750 million (2017 10-K table). Seller unnamed. Not the 2021 AC $66.75 million tape and not the Aloft $51.15 million tape. Not Portland, Oregon. The $161.770 million 2017 line is the sum of six named 10-K prices.
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Public tape · 1 events
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Residence Inn Portland, Maine · 179 keys · Upscale
Consideration
$55.8M
$311k / key
Apple 2017 10-K table: $55.750 million for the existing 179-room Residence Inn in coastal Maine. Coastal Maine Residence Inn — not an Oregon downtown PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2017 (closed October 13)
Apple acquired the existing 179-room Residence Inn in Portland, Maine on October 13, 2017 for a $55.750 million gross purchase price. Harbor PPK is $55.750 million ÷ 179. Apple rounded the same math to about $311,000 per key. Use the table price, not transaction costs. Seller unnamed. Not the 2021 AC $66.75 million tape and not the Aloft $51.15 million tape. Not Portland, Oregon. The $161.770 million 2017 line is the sum of six named 10-K prices. The Birmingham adjoining dual-brand 2017 line stays combined. Older than the 2025–26 blotter cut.