Harbor by Signalry · Buy / sell deskTape 273 of 282Cited price
Public tape · 273 of 282 · 2007
Feb 1, 2007Historical cited · 2007
Hampton Inn Seaport — Hersha acquisition
Hersha acquired the 65-room Hampton Inn Seaport in New York City on February 1, 2007 for $27.6 million. Harbor PPK is $27.6 million ÷ 65. The same Exhibit 99.1 names February, the 65 rooms, and that hotel price. Use the $27.6 million hotel price, not the $19.25 million debt line and not the supplemental $27.625 million investment column. Seller unnamed. Filing names Hampton Inn Seaport in New York City — Harbor will not invent a Financial District or Pearl Street lock. Do not stitch the February 1, 2007 8-K, which names a purchase price without keys. Do not stitch a later 10-Q allocation. The same paper’s January Residence Inn Langhorne, Holiday Inn Express Chester, and Residence Inn Carlisle $34.6 million line stays combined. The same paper’s Chelsea Holiday Inn Express line stays off as a 50% operations interest. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Hampton Inn Manhattan-Chelsea stays off as a remaining-interest contract. The September 12, 2006 8-K’s Residence Inn Tyson’s Corner $20.1 million / 96 tape, Residence Inn Norwood $14.3 million / 96 tape, Holiday Inn Express Hauppauge $18.0 million / 133 tape, Hampton Inn Farmingville $21.5 million / 161 tape, and Courtyard Scranton $8.8 million / 120 tape are separately named singles already on the corpus. The same 8-K’s January 3, 2006 Mt. Laurel, Bethlehem, and Langhorne line stays combined. The same 8-K’s May 1, 2006 North Dartmouth and Franklin line stays combined. Hampton Inn Center City Philadelphia stays off as an 80% preferred-return interest. Hilton Garden Inn JFK Airport February 2006 stays off as a membership-interest buy. Holiday Inn Express Cambridge stays off — the September 12, 2006 8-K names $12.2 million without keys. The June 6 $39.5 million announcement is a contract, not this close. Do not stitch a Hotel Executive or Hotel News Resource item. Holiday Inn Express Camp Springs stays off — the June 26, 2008 8-K names $14.0 million without keys; do not stitch the $61.8 million Harrisburg, JFK, and Camp Springs line. Towne Place Suites Harrisburg stays off until one paper names month, that hotel’s price, and keys together. Sheraton JFK stays off until one paper names month, that hotel’s price, and keys together. Holiday Inn New Cumberland stays off — the October 30, 2008 8-K names the sale without a hotel price or keys. Comfort Inn North Dartmouth stays off — that house was a held-for-sale reclass and later a lender transfer, not a hotel deed tape. Holiday Inn Norwich stays off until one paper names month, that hotel’s price, and keys together — the July 1, 2007 8-K names $16.1 million without keys. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. 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 February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Courtyard South Boston stays off as a mortgage-note purchase of a 50% joint venture. Hilton Garden Inn Glastonbury stays off as a remaining 52% joint-venture interest. Hampton Inn & Suites West Haven and Hilton Garden Inn Tribeca stay off as development-loan conversions. Hersha’s November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 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 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, not Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape, and not Hersha’s 2008 Duane Street Hotel $24.75 million / 45 tape. Older than the 2025–26 blotter cut.
$27.6M
Cited consideration · 65 keys · $425k / key
Hersha Exhibit 99.1: $27.6 million for the 65-room Hampton Inn Seaport in New York City. Seaport Hampton — not a Financial District Hampton PPK.
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
$27.6M
$424,615 / key · 65 keys
Worksheet
$17.0M
$261,893 / key · Harbor defaults
Gap
-38%
New York · worksheet vs tape PPK
Hersha Exhibit 99.1: $27.6 million for the 65-room Hampton Inn Seaport in New York City. Seaport Hampton — not a Financial District Hampton PPK.
Seaport Hampton Inn. Hersha bought the 65-key house on February 1, 2007 for $27.6 million (May 8, 2007 Exhibit 99.1). Seller unnamed. Filing names Hampton Inn Seaport in New York City — Harbor will not invent a Financial District or Pearl Street lock. Use the $27.6 million hotel price, not the $19.25 million debt line and not the supplemental $27.625 million investment column. Do not stitch the February 1, 2007 8-K. The same paper’s January Residence Inn Langhorne, Holiday Inn Express Chester, and Residence Inn Carlisle $34.6 million line stays combined. The same paper’s Chelsea Holiday Inn Express line stays off as a 50% operations interest. Not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, and not Hersha’s 2008 Duane Street Hotel $24.75 million / 45 tape.
Hersha Exhibit 99.1: $36.7 million for the 112-room Holiday Inn Express Water Street. Water Street Holiday Inn Express — not a Financial District Hampton PPK and not a midtown boutique PPK.
Hersha Q2 2010 10-Q: $34.876 million for the 113-room Holiday Inn on Wall Street, New York. Wall Street Holiday Inn — not a Water Street Holiday Inn Express PPK and not a Financial District Hampton PPK.
Hersha sold the 81-room Hampton Inn Financial District on March 14, 2018 for $32.4 million. Harbor PPK is $32.4 million ÷ 81. The same release names the completed sale, the 81 rooms, and that hotel price. Buyer unnamed — Harbor will not invent a desk from trade press. Filing names Financial District — Harbor will not invent a Seaport or Pearl Street lock. Not Hersha’s 2018 Hyatt House Gaithersburg $19.0 million / 140 tape. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Host’s 2022 Sheraton Times Square $373 million convention box and not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape. Older than the 2025–26 blotter cut.
Holiday Inn Express Water Street · 112 keys · Upper midscale
Consideration
$36.7M
$328k / key
Hersha Exhibit 99.1: $36.7 million for the 112-room Holiday Inn Express Water Street. Water Street Holiday Inn Express — not a Financial District Hampton PPK and not a midtown boutique PPK.
Hersha acquired the 112-room Holiday Inn Express Water Street on March 25, 2011 for $36.7 million. Harbor PPK is $36.7 million ÷ 112. Hersha rounded the same math to $328 thousand per key. The same Exhibit 99.1 names March 25, the 112 rooms, and that hotel price. Use the $36.7 million hotel price, not the 10-Q $38.664 million allocation. Seller unnamed. Filing names Water Street — Harbor will not invent a Seaport or Pearl Street lock. The same paper’s Courtyard Westside line is a contract, not a close. The same paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. 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 February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2013 Hyatt Union Square $105.0 million / 178 tape, and not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape. Older than the 2025–26 blotter cut.
Holiday Inn Wall Street · 113 keys · Upper midscale
Consideration
$34.9M
$309k / key
Hersha Q2 2010 10-Q: $34.876 million for the 113-room Holiday Inn on Wall Street, New York. Wall Street Holiday Inn — not a Water Street Holiday Inn Express PPK and not a Financial District Hampton PPK.
Hersha acquired 100% of the membership interests in Maiden Hotel LLC, the owner of the 113-room Wall Street Holiday Inn in New York, NY, on May 7, 2010 for an aggregate purchase price of approximately $34.876 million. Harbor PPK is $34.876 million ÷ 113. The same 10-Q names May 7, the 113 rooms, and that membership-interest purchase price. Use the $34.876 million hotel price, not the $151 closing-cost add-on, not the $957 thousand Common Units line, not the $7.839 million mezzanine settlement, and not a trade-press $34.8 million / $308,000 per key line. Seller unnamed — an unrelated third party. Maiden Hotel LLC is the named owner entity purchased — not a Harbor party. Filing names Wall Street, New York — Harbor will not invent a Seaport or Financial District lock. Do not stitch the August 4, 2010 Exhibit 99.1, which names May without a hotel price or keys. The same 10-Q’s February 9, 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. The same 10-Q’s January 1, 2010 Hilton Garden Inn Glastonbury line is a remaining 52% joint-venture interest, not a hotel deed tape. Courtyard South Boston stays off as a mortgage-note purchase of a 50% joint venture. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. 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. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, and not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape. Older than the 2025–26 blotter cut.