Harbor by Signalry · Buy / sell deskTape 109 of 282Cited price
Public tape · 109 of 282 · 2022
Apr 1, 2022Historical cited · 2022
Hampton Inn & Suites Memphis – Shady Grove — Park disposition
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.
$11.5M
Cited consideration · 131 keys · $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.
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
$11.5M
$87,786 / key · 131 keys
Worksheet
$15.1M
$115,557 / key · Harbor defaults
Gap
+32%
Memphis · worksheet vs tape PPK
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.
Memphis Hampton at Shady Grove. Park sold the 131-key house in April 2022 for $11.5 million gross (Q1 2022 Exhibit 99.1). Buyer unnamed. Harbor uses the first of April rather than inventing a closing day. Use that gross hotel price, not Park’s $88,000/key rounding. 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.
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.