Hotels only · No pay-to-rank · Advice first; verified when attested
West · secondary
Independent and soft-brand density downtown. A recovery file — underwrite weekday corporate separately from weekend leisure. Pebblebrook’s 2022 Vintage Portland $32.9 million tape is not the 2023 Heathman $45 million downtown independent, and neither is a waterfront palace PPK. Apple’s 2021 Hampton Inn & Suites Pearl District $75.0 million tape is this market — not Portland, Maine. Apple’s 2021 AC Hotel $66.75 million and Aloft $51.15 million tapes live on their own market.
Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.
Portland · Upper upscale
85 keys · Portland · Kimpton
Willamette waterfront boutique. Xenia sold the 85-key house on July 21, 2026 for $11.0 million (10-Q subsequent event). Near-term capex is exclusive of that price. Buyer unnamed in the filing. Not a downtown independent PPK and not Apple’s 2021 Portland, Maine AC or Aloft tapes.
Portland · Upper upscale
151 keys · Portland · The Heathman
Downtown Portland, Oregon independent. Pebblebrook sold the 151-key house on February 22, 2023 for $45.0 million (2023 10-Q; keys from Pebblebrook IR). Buyer unnamed. Not Hotel Vintage Portland $32.9 million (2022), not Kimpton RiverPlace, not Apple’s 2021 Pearl District Hampton $75.0 million tape, and not Apple’s 2021 Portland, Maine AC or Aloft tapes.
Portland · Upscale
117 keys · Portland · Hotel Vintage
Downtown Portland, Oregon boutique. Pebblebrook closed the 117-key house on September 14, 2022 for $32.9 million (8-K). Buyer unnamed. Not The Heathman Hotel $45.0 million (2023), not Hotel Vintage Seattle $33.7 million (2023), not Apple’s 2021 Pearl District Hampton $75.0 million tape, and not Apple’s 2021 Portland, Maine AC or Aloft tapes.
Portland · Upper midscale
243 keys · Portland · Hampton by Hilton
Pearl District Hampton. Apple bought the existing 243-key house on November 17, 2021 for $75.0 million (8-K Exhibit 99.1). Seller unnamed. Not Portland, Maine, not Vintage Portland $32.9 million, and not The Heathman $45.0 million. The $126.0 million Fort Worth + Pearl line is the sum of three named 8-K prices.
Public coverage lists, not a claimed book. Open a desk for the graph timeline.
Investment sales practice
Practice-level node for CBRE’s public hotels platform. Harbor does not invent named producers or unpublished league tables.
32 public graph events · 22 cited · 10 unknown
2026 · 2025 · 2024 · 2023 · 2022 · 2021
Public tape · 4 events
Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.
Morning blotterCompare a cited single
Kimpton RiverPlace Hotel · 85 keys · Upper upscale
Consideration
$11.0M
$129k / key
Xenia 10-Q: $11.0 million for the 85-room Kimpton RiverPlace Hotel. Waterfront boutique — exclusive of significant near-term capex. Not a downtown independent PPK.
Xenia Hotels & Resorts Form 10-Q subsequent event (closed July 21, 2026)
Xenia closed the 85-room Kimpton RiverPlace Hotel on July 21, 2026 for a sale price of $11.0 million. Harbor PPK is $11.0 million ÷ 85 (Xenia rounded $129,400). Use the $11.0 million sale price, not the $10.3 million net cash after costs. Xenia’s 19.4x / 2.0% TTM lines are exclusive of significant near-term capex — that is Xenia’s narrative, not a second price. The $38.8 million impairment is Xenia’s accounting, not a hotel price. Buyer unnamed in the filing.
The Heathman Hotel · 151 keys · Upper upscale
Consideration
$45.0M
$298k / key
Pebblebrook 10-Q: $45.0 million for The Heathman Hotel, Portland. Closed February 22, 2023. Keys (151) from Pebblebrook IR. Downtown independent — not a waterfront palace PPK.
Pebblebrook sold The Heathman Hotel in Portland on February 22, 2023 for $45.0 million. Harbor PPK is $45.0 million ÷ 151 from Pebblebrook’s close IR — the sale 10-Q names the dollar and the day, not keys. Pebblebrook’s 10.7x / 8.4% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed. Not Kimpton RiverPlace and not a waterfront palace. The Westin Michigan Avenue retail parcel stays off this tape. Older than the 2025–26 blotter cut.
Hotel Vintage Portland · 117 keys · Upscale
Consideration
$32.9M
$281k / key
Pebblebrook 8-K: $32.9 million for the 117-room Hotel Vintage Portland. Downtown boutique — not a Heathman PPK and not a Vintage Seattle PPK.
Pebblebrook Hotel Trust Form 8-K, September 14, 2022 (press dated September 15)
Pebblebrook closed the 117-room Hotel Vintage Portland on September 14, 2022 for $32.9 million to a third party. Harbor PPK is $32.9 million ÷ 117. Pebblebrook’s 11.7x / 7.1% 2019 lines are Pebblebrook’s narrative, not a second hotel price. Buyer unnamed in Pebblebrook’s filing — Harbor will not invent a desk from trade press. Not The Heathman Hotel $45.0 million (2023) and not Hotel Vintage Seattle $33.7 million (2023). Harbor will not invent a split of Pebblebrook’s $183.9 million Q3 2022 proceeds line — each house already has its own named price. Older than the 2025–26 blotter cut.
Hampton Inn & Suites Portland Pearl District · 243 keys · Upper midscale
Consideration
$75.0M
$309k / key
Apple 8-K Exhibit 99.1: $75.0 million for the existing 243-room Hampton Inn & Suites Pearl District. Oregon downtown Hampton — not a Maine AC PPK.
Apple Hospitality REIT Form 8-K Exhibit 99.1, November 18, 2021 (closed November 17)
Apple acquired the existing 243-room Hampton Inn & Suites Portland Pearl District on November 17, 2021 for a $75.0 million purchase price. Harbor PPK is $75.0 million ÷ 243. Apple rounded the same math to about $309,000 per key. Seller unnamed. Not Portland, Maine, not Vintage Portland $32.9 million, and not The Heathman $45.0 million. The $126.0 million Fort Worth + Pearl line is the sum of three named 8-K prices. Apple’s 23-hotel $234.6 million 2021 sales line stays combined. Older than the 2025–26 blotter cut.