Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 68 of 282 · 2023
Apple acquired the existing 192-room Embassy Suites South Jordan Salt Lake City on November 21, 2023 for a $36.75 million gross purchase price. Harbor PPK is $36.75 million ÷ 192. Apple rounded the same math to about $191,000 per key. Use the table price, not the $36.8 million 8-K round. Seller unnamed. Not the downtown Courtyard $48.11 million or Hyatt House $34.25 million tapes. Older than the 2025–26 blotter cut.
$36.8M
Cited consideration · 192 keys · $191k / key
Apple 2023 10-K table: $36.75 million for the existing 192-room Embassy Suites. South Jordan Embassy — not a downtown Courtyard PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed November 21)
Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2023 cited corpus2023 cited filingsApple · 2023 filings
Source
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed November 21)
https://www.sec.gov/Archives/edgar/data/1418121/000095017024018793/aple-20231231.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.
$191,406 / key · 192 keys
$207,440 / key · Harbor defaults
Salt Lake City · worksheet vs tape PPK
Apple 2023 10-K table: $36.75 million for the existing 192-room Embassy Suites. South Jordan Embassy — not a downtown Courtyard PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed November 21)
Historical cited · 2023 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.
Salt Lake City · Upper upscale
192 keys · South Jordan · Embassy Suites
South Jordan Embassy. Apple bought the existing 192-key house on November 21, 2023 for $36.75 million (2023 10-K table). Seller unnamed. Not the downtown Courtyard $48.11 million or Hyatt House $34.25 million tapes.