Providence · Independent / boutique
The Dean Hotel
52 keys · Providence
Tiny downtown independent. A 50-key file. Cap rates lie; walk the house.
Northeast · tertiary
Providence
Small downtown and college-adjacent independents. Replacement cost and historic tax credits show up in basis. Hersha’s 2008 Hampton Inn Smithfield $12.6 million / 101 tape is a named Smithfield Hampton — Harbor will not invent a Providence downtown lock. Not Hersha’s 2010 Hampton Inn Washington, D.C. $73.096 million / 228 tape and not a Boston convention PPK.
- Hotels
- 2
- Graph events
- 2
- Cited prices
- 1
- Desks
- 0
Hotels
Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.
Providence · Upper midscale
Hampton Inn Smithfield
101 keys · Smithfield · Hampton Inn
Smithfield Hampton Inn. Hersha bought the 101-key house in August 2008 for $12.6 million (Q2 2008 Exhibit 99.1). Harbor uses the first of August rather than inventing a closing day. Seller unnamed. Filing names Smithfield, Rhode Island — Harbor will not invent a Providence downtown lock. Use the $12.6 million hotel price, not the August 7, 2008 8-K cash, assumed-debt, or reserve lines and not a later 10-Q allocation. Do not stitch the 8-K, which names August 1 and $12.6 million without keys. Hampton Inn & Suites West Haven and Hilton Garden Inn Tribeca stay off as development-loan conversions. Not Hersha’s 2010 Hampton Inn Washington, D.C. $73.096 million / 228 tape and not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape.
Desks covering this market
Public coverage lists, not a claimed book. Open a desk for the graph timeline.
No public desk publishes coverage here. Harbor will not invent a book.
Public tape · 2 events
Transactions
Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.
Consideration not disclosedOct 1, 2014
The Dean Hotel — opening
The Dean Hotel · 52 keys · Independent / boutique
Consideration
Not disclosed
Fifty-two keys. Opening is public. A later sale is not in this corpus.
Public filingAug 1, 2008
Hampton Inn Smithfield — Hersha acquisition
Hampton Inn Smithfield · 101 keys · Upper midscale
Consideration
$12.6M
$125k / key
Hersha Exhibit 99.1: $12.6 million for the 101-room Hampton Inn in Smithfield. Smithfield Hampton — not a Boston convention PPK.
Hersha Hospitality Trust Exhibit 99.1, August 5, 2008 (August 2008 close)
Hersha acquired the 101-room Hampton Inn in Smithfield, Rhode Island in August 2008 for $12.6 million. Harbor uses the first of August rather than inventing a closing day. Harbor PPK is $12.6 million ÷ 101. The same Exhibit 99.1 names August, the 101 rooms, and that hotel price. Use the $12.6 million hotel price, not the August 7, 2008 8-K cash, assumed-debt, or reserve lines and not a later 10-Q allocation. Seller unnamed. Filing names Smithfield, Rhode Island — Harbor will not invent a Providence downtown lock. Do not stitch the August 7, 2008 8-K, which names August 1 and $12.6 million without keys. The same paper’s May and June Towne Place Suites Harrisburg, Sheraton Hotel JFK Airport, and Holiday Inn Express Camp Springs line stays combined at $61.8 million. The same paper’s Nu Hotel line is a development opening, not a hotel deed tape. Hampton Inn & Suites West Haven and Hilton Garden Inn Tribeca stay off as development-loan conversions. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Courtyard South Boston stays off as a mortgage-note purchase of a 50% joint venture. Hilton Garden Inn Glastonbury stays off as a remaining 52% joint-venture interest. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2010 Hampton Inn Washington, D.C. $73.096 million / 228 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, and not Hersha’s 2008 Duane Street Hotel $24.75 million / 45 tape. Older than the 2025–26 blotter cut.