Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 236 of 282 · 2015
Apple acquired the existing 190-room Courtyard Burbank on August 11, 2015 for a $54.0 million gross purchase price. Harbor PPK is $54.0 million ÷ 190. Use the table price, not transaction costs. Seller unnamed. Not the same-year SpringHill Suites Burbank $60.0 million tape and not Hotel Amarano Burbank $72.9 million. Not Hampton Inn Cypress $19.8 million. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.
$54.0M
Cited consideration · 190 keys · $284k / key
Apple 2015 10-K table: $54.0 million for the existing 190-room Courtyard Burbank. Burbank Courtyard — not a SpringHill take-out PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed August 11)
Historical cited · 2015 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2015 cited corpus2015 cited filingsApple · 2015 filings
Source
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed August 11)
https://www.sec.gov/Archives/edgar/data/1418121/000118518516003772/ahr10k123115.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.
$284,211 / key · 190 keys
$229,750 / key · Harbor defaults
Los Angeles · worksheet vs tape PPK
Apple 2015 10-K table: $54.0 million for the existing 190-room Courtyard Burbank. Burbank Courtyard — not a SpringHill take-out PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed August 11)
Historical cited · 2015 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.
Los Angeles · Upscale
190 keys · Burbank · Courtyard by Marriott
Burbank Courtyard. Apple bought the existing 190-key house on August 11, 2015 for $54.0 million (2015 10-K table). Seller unnamed. Not the same-year SpringHill Suites Burbank $60.0 million tape and not Hotel Amarano Burbank $72.9 million. The $254.8 million 2015 line is the sum of seven named 10-K prices.
Same house or same market · 6
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Chamberlain West Hollywood Hotel · 115 keys · Upscale
Consideration
$43.5M
$378k / key
Pebblebrook IR: $43.5 million for the 115-room Chamberlain. Preferred-share takeout is Pebblebrook’s consideration mix — not a second hotel price.
Pebblebrook Hotel Trust IR, May 28, 2026 (closed May 27)
Pebblebrook closed the 115-room Chamberlain West Hollywood Hotel on May 27, 2026 for $43.5 million to a third party. Harbor PPK is $43.5 million ÷ 115. Pebblebrook accepted preferred shares as partial consideration and retired them at a discount — that is Pebblebrook’s capital story, not a second rooms-only deed. Buyer unnamed.
Montrose at Beverly Hills · 133 keys · Upscale
Consideration
$44.3M
$333k / key
Pebblebrook 8-K: $44.25 million for the 133-room Montrose at Beverly Hills. West Hollywood lifestyle — not a Sunset trophy.
Pebblebrook Hotel Trust Form 8-K, November 19, 2025 (press dated November 20)
Pebblebrook closed the 133-room Montrose at Beverly Hills on November 19, 2025 for $44.25 million to a third party. Harbor PPK is $44.25 million ÷ 133. Buyer unnamed — Harbor will not invent one. West Hollywood lifestyle, not a Beverly Hills palace.
Hilton Garden Inn LAX/El Segundo · 162 keys · Upscale
Consideration
$37.5M
$231k / key
Park Q3 2022 Exhibit 99.1: $37.5 million for the 162-room Hilton Garden Inn LAX/El Segundo. El Segundo Garden Inn — not a downtown Checkers PPK.
Park Hotels & Resorts Exhibit 99.1, third quarter 2022 (sold September)
Park sold the 162-room Hilton Garden Inn LAX/El Segundo in September 2022 for $37.5 million. Harbor uses the first of September rather than inventing a closing day. Harbor PPK is $37.5 million ÷ 162. The same Q3 2022 Exhibit 99.1 names September, the 162 rooms, and that price. Use the $37.5 million hotel price, not Park’s $231,000/key rounding. Buyer unnamed. Harbor will not invent a buyer from trade press. Not Hilton Checkers Los Angeles, not Summit’s Four Points San Francisco Airport $17.7 million / 101 tape, and not Hilton Garden Inn Chicago/Oakbrook Terrace $9.4 million / 128. Hilton Chicago/Oak Brook Suites and Homewood Suites Seattle Convention Center Pike Street stay off until a filing names a hotel price and keys together. The $149 million 2022 proceeds line stays combined. The Hilton San Diego Bayfront joint-venture line and the DoubleTree Las Vegas Airport joint-venture share stay off. Older than the 2025–26 blotter cut.
Courtyard Los Angeles · 187 keys · Upscale
Consideration
$50.0M
$267k / key
Sunstone Exhibit 99.1: $50 million gross for the leasehold interest in the 187-room Courtyard by Marriott Los Angeles. Leasehold — not a fee downtown PPK.
Sunstone Hotel Investors Exhibit 99.1, November 4, 2019 (sold October 23)
Sunstone sold the leasehold interest in the 187-room Courtyard by Marriott Los Angeles on October 23, 2019 for a gross sale price of $50 million. Harbor PPK is $50 million ÷ 187 and is a leasehold number — do not apply it as a fee-simple Los Angeles rooms deed. The same Exhibit 99.1 names October 23, the 187 rooms, and that hotel price. Use the $50 million hotel price, not Sunstone’s $267,000/key rounding. Buyer unnamed. Filing names Los Angeles — Harbor will not invent a downtown or LAX lock. Sunstone’s 13.8x / 6.2% trailing lines are Sunstone’s narrative, not a second hotel price. Not Park’s 2022 Hilton Garden Inn LAX/El Segundo $37.5 million / 162 tape and not Hilton Checkers Los Angeles. Renaissance Harborplace and Renaissance Los Angeles Airport stay off until a filing names month, price, and keys together. Older than the 2025–26 blotter cut.
Hotel Amarano Burbank · 132 keys · Upscale
Consideration
$72.9M
$552k / key
Pebblebrook 8-K Exhibit 99.1: $72.9 million for the 132-room Hotel Amarano Burbank. Media District boutique — not a Sunset trophy PPK.
Pebblebrook Hotel Trust Form 8-K Exhibit 99.1, July 16, 2019
Pebblebrook closed the 132-room Hotel Amarano Burbank on July 16, 2019 for $72.9 million. Harbor PPK is $72.9 million ÷ 132. Buyer unnamed — Harbor will not invent a desk from trade press. Pebblebrook’s 15.8x / 5.7% 2018 lines — adjusted in the exhibit for California Proposition 13 — are Pebblebrook’s narrative, not a second hotel price. Not Park’s 2025 Checkers $13 million downtown tape and not a West Hollywood hillside PPK. Older than the 2025–26 blotter cut.
SpringHill Suites Burbank · 170 keys · Upscale
Consideration
$60.0M
$353k / key
Apple 2015 10-K table: $60.0 million for the new 170-room SpringHill Suites Burbank. Burbank SpringHill — not an Amarano boutique PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed July 13)
Apple acquired the new 170-room SpringHill Suites Burbank on July 13, 2015 for a $60.0 million gross purchase price. Harbor PPK is $60.0 million ÷ 170. Use the table price, not transaction costs. Seller unnamed. Not the same-year Courtyard Burbank $54.0 million tape and not Pebblebrook’s 2019 Hotel Amarano Burbank $72.9 million boutique. Not Hampton Inn Cypress $19.8 million. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.