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Harborby Signalry

Public tape · 193 of 282 · 2018

May 2, 2018Historical cited · 2018

Hampton Inn & Suites Phoenix North Central — Apple Hospitality acquisition

Apple acquired the existing 210-room Hampton Inn & Suites Phoenix North Central on May 2, 2018 for a $44.3 million gross purchase price. Harbor PPK is $44.3 million ÷ 210. Use the table price, not transaction costs. Seller unnamed. Not the 125-key North Central Hampton on the 2016 line. The $152.2 million 2018 line is the sum of five named 10-K prices. Older than the 2025–26 blotter cut.

$44.3M

Cited consideration · 210 keys · $211k / key

Apple 2019 10-K table: $44.3 million for the existing 210-room Hampton Inn & Suites Phoenix North Central. North Central Hampton — not a 125-key 2016 PPK.

Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed May 2, 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

Keys at tape
210
Segment
Upper midscale
Buyer
Apple Hospitality REIT
Seller
—

Source

Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed May 2, 2018)

https://www.sec.gov/Archives/edgar/data/1418121/000118518520000213/aple20191231_10k.htm

Estimate ↔ 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
$44.3M

$210,952 / key · 210 keys

Worksheet
$36.8M

$175,102 / key · Harbor defaults

Gap
-17%

Phoenix / Scottsdale · worksheet vs tape PPK

Apple 2019 10-K table: $44.3 million for the existing 210-room Hampton Inn & Suites Phoenix North Central. North Central Hampton — not a 125-key 2016 PPK.

Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed May 2, 2018)

Historical cited · 2018 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameShock the worksheetCompare tapes

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.