Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 30 of 282 · 2025
Chatham sold the Courtyard Houston-Medical Center on April 22, 2025 for $23.5 million. Harbor PPK is $23.5 million ÷ 197 from Chatham’s YE 2024 table. Buyer unnamed. Not the Hampton Medical Center $15.5 million tape and not an Energy Corridor full-service PPK.
$23.5M
Cited consideration · 197 keys · $119k / key
Chatham 10-K: $23.5 million for Courtyard Houston-Medical Center. Keys from Chatham’s YE 2024 table (197). Not the Hampton next door.
Chatham Lodging Trust Form 10-K for the year ended Dec 31, 2025 (keys: YE 2024 property table)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tapeMorning blotterSelect blotterFilings blotter
Source
Chatham Lodging Trust Form 10-K for the year ended Dec 31, 2025 (keys: YE 2024 property table)
https://www.sec.gov/Archives/edgar/data/1476045/000143774926006103/cldt20251231_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.
$119,289 / key · 197 keys
$213,752 / key · Harbor defaults
Houston · worksheet vs tape PPK
Chatham 10-K: $23.5 million for Courtyard Houston-Medical Center. Keys from Chatham’s YE 2024 table (197). Not the Hampton next door.
Chatham Lodging Trust Form 10-K for the year ended Dec 31, 2025 (keys: YE 2024 property table)
Morning blotter · 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.
Houston · Upscale
197 keys · Houston · Courtyard by Marriott
Medical Center Courtyard. Chatham sold the house on April 22, 2025 for $23.5 million (2025 10-K). Keys are Chatham’s YE 2024 property table (197). Buyer unnamed. Not the Hampton next door, not RLJ’s 2021 Courtyard Houston Sugar Land $4.4 million tape, and not an Energy Corridor full-service tape.
Same house or same market · 1
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Courtyard Houston Sugar Land · 112 keys · Upscale
Consideration
$4.4M
$39k / key
RLJ Q1 2021 8-K Exhibit 99.1: approximately $4.4 million for the 112-room suburban Houston Courtyard. Fort Bend Courtyard — not a Medical Center Courtyard PPK.
RLJ Lodging Trust Form 8-K Exhibit 99.1, Q1 2021 (closed January 21)
RLJ sold the 112-room Courtyard Houston Sugarland on January 21, 2021 for approximately $4.4 million. Harbor PPK is $4.4 million ÷ 112. Buyer unnamed. Not Chatham’s 2025 Courtyard Houston-Medical Center $23.5 million tape. The $9.3 million Sugar Land pair stays combined — this house has its own $4.4 million 8-K. Older than the 2025–26 blotter cut.