Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 94 of 282 · 2022
Apple acquired the existing 134-room AC Hotel Pittsburgh Downtown on October 25, 2022 for a $34.0 million gross purchase price. Harbor PPK is $34.0 million ÷ 134. Apple rounded the same math to about $254,000 per key. Use the table price, not transaction costs. Seller unnamed. Not the Louisville AC $51.0 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.
$34.0M
Cited consideration · 134 keys · $254k / key
Apple 2022 10-K table: $34.0 million for the existing 134-room downtown AC Hotel. Downtown AC — not a University Circle Courtyard 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.
$253,731 / key · 134 keys
$226,617 / key · Harbor defaults
Pittsburgh · worksheet vs tape PPK
Apple 2022 10-K table: $34.0 million for the existing 134-room downtown AC Hotel. Downtown AC — not a University Circle Courtyard 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.
Pittsburgh · Upscale
134 keys · Pittsburgh · AC Hotel
Downtown Pittsburgh AC. Apple bought the existing 134-key house on October 25, 2022 for $34.0 million (2022 10-K table). Seller unnamed. Not the Louisville AC $51.0 million tape. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices.