Detroit · Upscale
Graduate Ann Arbor
204 keys · Ann Arbor · Graduate (Hilton)
AJ Capital house. Hilton’s 2024 Graduate acquisition was a brand/pipeline deal — do not treat it as a real-estate sale of this hotel.
Public tape · 56 of 282 · 2024
May 1, 2024
Graduate Hotels — Hilton brand/pipeline acquisition
Hilton acquired the Graduate brand and a development pipeline from AJ Capital. This is not a real-estate sale of Graduate Ann Arbor. Harbor keeps the node so nobody underwrites a brand deal as a hotel deed.
Not disclosed
Unknown on purpose — Harbor will not invent a confidential price · 204 keys
News / press release204 keys
Hilton newsroom — Graduate Hotels acquisition, 2024
News or press — not a filing. Harbor will not invent a confidential consideration.
Deal FrameLiving packetLabeled estimateCompare this tape2024 cited corpus
- Corpus
- Historical cited · 2024
- Keys at tape
- 204
- Segment
- Upscale
- Market
- Detroit
- Hotel
- Graduate Ann Arbor
- Buyer
- Hilton Worldwide
- Seller
- AJ Capital Partners
Source
Hilton newsroom — Graduate Hotels acquisition, 2024
https://newsroom.hilton.comEstimate ↔ tape
The worksheet next to the filing
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
- Not disclosed
- Worksheet
- $51.5M
- Gap
- —
204 keys
$252,494 / key · Harbor defaults
Detroit · worksheet vs tape PPK
News / press release204 keys
Hilton newsroom — Graduate Hotels acquisition, 2024
News or press — not a filing. Harbor will not invent a confidential consideration.
The house
Run the labeled estimate
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.