Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 219 of 282 · 2016
Hersha acquired the 145-room Courtyard by Marriott in Sunnyvale, CA on October 20, 2016 for $75.0 million. Harbor PPK is $75.0 million ÷ 145. Hersha rounded the same math to $517,200 per key. The same subsequent-events paragraph names the completed buy, the 145 rooms, and that hotel price. Use the $75.0 million hotel price, not the $40.6 million assumed loan. Hersha’s 7.7% economic capitalization rate and 12.2x EBITDA lines are Hersha’s narrative, not a second hotel price. Seller unnamed. Filing names Sunnyvale — Harbor will not invent a San Jose or Palo Alto lock. The same paper’s Ambrose Hotel line is a contract, not a close. 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 November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2016 Hawthorn Suites Franklin $8.9 million / 100 tape and not RLJ’s 2026 Hyatt Place Fremont / Silicon Valley $13.2 million / 151 tape. Older than the 2025–26 blotter cut.
$75.0M
Cited consideration · 145 keys · $517k / key
Hersha Exhibit 99.1 subsequent events: $75.0 million for the 145-room Courtyard by Marriott in Sunnyvale, CA. South Bay Courtyard — not a Union Square palace PPK.
Hersha Hospitality Trust Exhibit 99.1, October 25, 2016 (October 20, 2016 close)
Historical cited · 2016 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2016 cited corpus2016 cited filings
Source
Hersha Hospitality Trust Exhibit 99.1, October 25, 2016 (October 20, 2016 close)
https://www.sec.gov/Archives/edgar/data/1063344/000106334416000199/ht-20161025xex99_1.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.
$517,241 / key · 145 keys
$261,120 / key · Harbor defaults
Silicon Valley / East Bay · worksheet vs tape PPK
Hersha Exhibit 99.1 subsequent events: $75.0 million for the 145-room Courtyard by Marriott in Sunnyvale, CA. South Bay Courtyard — not a Union Square palace PPK.
Hersha Hospitality Trust Exhibit 99.1, October 25, 2016 (October 20, 2016 close)
Historical cited · 2016 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.
Silicon Valley / East Bay · Upscale
145 keys · Sunnyvale · Courtyard
South Bay Courtyard. Hersha bought the 145-key house on October 20, 2016 for $75.0 million (Q3 2016 Exhibit 99.1 subsequent events). Seller unnamed. Filing names Sunnyvale — Harbor will not invent a San Jose or Palo Alto lock. Use the $75.0 million hotel price, not the $40.6 million assumed loan. Not RLJ’s 2026 Hyatt Place Fremont / Silicon Valley $13.2 million / 151 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.
Hyatt Place Fremont / Silicon Valley · 151 keys · Upscale
Consideration
$13.2M
$87k / key
RLJ 10-Q: $13.2 million for the 151-room Hyatt Place Fremont Silicon Valley. East Bay select-service — not a Union Square palace PPK.
RLJ Lodging Trust Form 10-Q, quarter ended June 30, 2026
RLJ sold the 151-room Hyatt Place Fremont Silicon Valley on June 4, 2026 for a sales price of $13.2 million. Harbor PPK is $13.2 million ÷ 151. RLJ’s 29.2x Hotel EBITDA line, including required capital expenditures, is RLJ’s narrative — not a second hotel price. Buyer unnamed in the filing. Fremont / Warm Springs, not San Francisco Union Square.
Open the tape →FramePacketEstimateSilicon Valley / East BayCompare