Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 200 of 282 · 2018
Apple acquired the existing 144-room Hampton Inn & Suites Memphis on February 5, 2018 for a $39.0 million gross purchase price. Harbor PPK is $39.0 million ÷ 144. Use the table price, not transaction costs. Seller unnamed. Same-day Atlanta/Downtown Hampton is a second named 10-K price, not a Harbor split. Not the Garden Inn $38.0 million tape and not The Peabody. The $152.2 million 2018 line is the sum of five named 10-K prices. Older than the 2025–26 blotter cut.
$39.0M
Cited consideration · 144 keys · $271k / key
Apple 2019 10-K table: $39.0 million for the existing 144-room Hampton Inn & Suites Memphis. Memphis Hampton — not a Garden Inn PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed February 5, 2018)
Historical cited · 2018 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2018 cited corpus2018 cited filingsApple · 2018 filings
Source
Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed February 5, 2018)
https://www.sec.gov/Archives/edgar/data/1418121/000118518520000213/aple20191231_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.
$270,833 / key · 144 keys
$148,640 / key · Harbor defaults
Memphis · worksheet vs tape PPK
Apple 2019 10-K table: $39.0 million for the existing 144-room Hampton Inn & Suites Memphis. Memphis Hampton — not a Garden Inn PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed February 5, 2018)
Historical cited · 2018 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.
Memphis · Upper midscale
144 keys · Memphis · Hampton by Hilton
Memphis Hampton. Apple bought the existing 144-key house on February 5, 2018 for $39.0 million (2019 10-K table). Seller unnamed. Not the Garden Inn $38.0 million tape and not The Peabody. The $152.2 million 2018 line is the sum of five named 10-K prices.
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.
Hampton Inn & Suites Memphis – Shady Grove · 131 keys · Upper midscale
Consideration
$11.5M
$88k / key
Park Q1 2022 Exhibit 99.1: $11.5 million gross for the 131-room Hampton Inn & Suites Memphis – Shady Grove. Memphis Hampton — not a Peabody PPK.
Park Hotels & Resorts Exhibit 99.1, first quarter 2022 (sold April)
Park sold the 131-room Hampton Inn & Suites Memphis – Shady Grove in April 2022 for gross proceeds of $11.5 million. Harbor uses the first of April rather than inventing a closing day. Harbor PPK is $11.5 million ÷ 131. The same Q1 2022 Exhibit 99.1 names April, the 131 rooms, and that gross price. Use the $11.5 million hotel price, not Park’s $88,000/key rounding. Buyer unnamed. Not Apple’s 2018 Hampton Inn & Suites Memphis $39.0 million / 144 tape, not Apple’s 2021 Hilton Garden Inn Memphis $38.0 million / 150 tape, and not The Peabody. Hilton Chicago/Oak Brook Suites and Homewood Suites Seattle Convention Center Pike Street stay off until a filing names a hotel price and keys together. The $102 million April–June 2022 proceeds line and the $149 million 2022 proceeds line stay combined. Older than the 2025–26 blotter cut.