Providence · Independent / boutique
The Dean Hotel
52 keys · Providence
Tiny downtown independent. A 50-key file. Cap rates lie; walk the house.
Hotels only · No pay-to-rank · Advice first; verified when attested
Northeast · tertiary
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.
Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.
Providence · Independent / boutique
52 keys · Providence
Tiny downtown independent. A 50-key file. Cap rates lie; walk the house.
Providence · Upper midscale
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.
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 · 1 events
Cited prices stay cited. Unknown stays unknown. Linked houses open the estimate worksheet.
The Dean Hotel · 52 keys · Independent / boutique
Consideration
Not disclosed
Fifty-two keys. Opening is public. A later sale is not in this corpus.