Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 93 of 282 · 2022
Apple acquired the existing 156-room AC Hotel Louisville Downtown on October 25, 2022 for a $51.0 million gross purchase price. Harbor PPK is $51.0 million ÷ 156. Apple rounded the same math to about $327,000 per key. Use the table price, not transaction costs. Seller unnamed. Not the Pittsburgh AC $34.0 million tape. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices. Older than the 2025–26 blotter cut.
$51.0M
Cited consideration · 156 keys · $327k / key
Apple 2022 10-K table: $51.0 million for the existing 156-room downtown AC Hotel. Downtown AC — not a Cincinnati river-city PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2022 (closed October 25)
Historical cited · 2022 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2022 cited corpus2022 cited filingsApple · 2022 filings
Source
Apple Hospitality REIT Form 10-K for the year ended December 31, 2022 (closed October 25)
https://www.sec.gov/Archives/edgar/data/1418121/000095017023003449/aple-20221231.htmEstimate ↔ tape
Cited consideration on the left. Harbor’s labeled defaults on the right. A gap is a question, not a bid. Portfolio tapes and seller paper stay footnoted. Not an appraisal.
$326,923 / key · 156 keys
$233,283 / key · Harbor defaults
Louisville · worksheet vs tape PPK
Apple 2022 10-K table: $51.0 million for the existing 156-room downtown AC Hotel. Downtown AC — not a Cincinnati river-city PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2022 (closed October 25)
Historical cited · 2022 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
The house
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.
Louisville · Upscale
156 keys · Louisville · AC Hotel
Downtown Louisville AC. Apple bought the existing 156-key house on October 25, 2022 for $51.0 million (2022 10-K table). Seller unnamed. Not the Pittsburgh AC $34.0 million tape. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices.