Hotels only · No pay-to-rank · Advice first; verified when attested
Mid-Atlantic · secondary
Capital-city downtown and Shockoe boutique inventory. Apple’s 2019 Berkeley Hotel $6.875 million / 55 tape is a named independent — not a DC Palomar or Topaz PPK. Do not import a Washington going-in cap.
Each house opens a labeled estimate. Defaults are assumptions — not an appraisal.
Richmond · Independent / boutique
55 keys · Richmond
Richmond independent boutique. Apple bought the existing 55-key house on October 9, 2019 for $6.875 million (2019 10-K table). Seller unnamed. Stay independent — Harbor will not invent a later conversion brand. Not a DC boutique PPK. The $59.291 million 2019 line is the sum of three named 10-K prices.
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 Berkeley Hotel · 55 keys · Independent / boutique
Consideration
$6.9M
$125k / key
Apple 2019 10-K table: $6.875 million for the existing 55-room Berkeley Hotel. Richmond independent — not a DC boutique PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed October 9)
Apple acquired the existing 55-room Berkeley Hotel on October 9, 2019 for a $6.875 million gross purchase price. Harbor PPK is $6.875 million ÷ 55. Apple rounded the same math to about $125,000 per key. Use the table price, not the $7 million 8-K round. Seller unnamed. Stay independent — Harbor will not invent a later conversion brand. Not a DC boutique PPK. The $59.291 million 2019 line is the sum of three named 10-K prices. Older than the 2025–26 blotter cut.