Harbor by Signalry · Buy / sell deskTape 257 of 282Cited price
Public tape · 257 of 282 · 2011
Jul 1, 2011Historical cited · 2011
Comfort Inn West Hanover — Hersha disposition
Hersha sold the 81-room Comfort Inn in West Hanover, Pennsylvania on July 1, 2011 for $5.25 million. Harbor PPK is $5.25 million ÷ 81. The same subsequent-events paragraph names July 1, the 81 rooms, and that hotel price. Use the $5.25 million hotel price, not the $958,000 gain. Buyer unnamed. Filing names West Hanover, Pennsylvania — Harbor will not invent a Philadelphia or Harrisburg lock. The same paper’s July 22 Pearl Street line is a redevelopment close without a hotel price. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2010 Holiday Inn Express New Columbia $3.0 million / 81 tape, not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape, not Pebblebrook’s 2022 Sofitel Philadelphia $80.0 million / 306 tape, and not Hersha’s 2016 Hawthorn Suites Franklin $8.9 million / 100 tape. Older than the 2025–26 blotter cut.
$5.3M
Cited consideration · 81 keys · $65k / key
Hersha Exhibit 99.1: $5.25 million for the 81-room Comfort Inn in West Hanover, Pennsylvania. West Hanover Comfort Inn — not a Philadelphia Westin PPK.
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.
Tape
$5.3M
$64,815 / key · 81 keys
Worksheet
$6.8M
$84,446 / key · Harbor defaults
Gap
+30%
Central Pennsylvania · worksheet vs tape PPK
Hersha Exhibit 99.1: $5.25 million for the 81-room Comfort Inn in West Hanover, Pennsylvania. West Hanover Comfort Inn — not a Philadelphia Westin PPK.
West Hanover Comfort Inn. Hersha sold the 81-key house on July 1, 2011 for $5.25 million (August 3, 2011 Exhibit 99.1). Buyer unnamed. Filing names West Hanover, Pennsylvania — Harbor will not invent a Philadelphia or Harrisburg lock. Use the $5.25 million hotel price, not the $958,000 gain. Not Hersha’s 2010 Holiday Inn Express New Columbia $3.0 million / 81 tape and not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape.