Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 170 of 282 · 2019
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.
$6.9M
Cited consideration · 55 keys · $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)
Historical cited · 2019 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2019 cited corpus2019 cited filingsApple · 2019 filings
Source
Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed October 9)
https://www.sec.gov/Archives/edgar/data/1418121/000118518520000213/aple20191231_10k.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.
$125,000 / key · 55 keys
$213,752 / key · Harbor defaults
Richmond · worksheet vs tape PPK
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)
Historical cited · 2019 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.
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.