Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 127 of 282 · 2021
Apple acquired the existing 243-room Hampton Inn & Suites Portland Pearl District on November 17, 2021 for a $75.0 million purchase price. Harbor PPK is $75.0 million ÷ 243. Apple rounded the same math to about $309,000 per key. Seller unnamed. Not Portland, Maine, not Vintage Portland $32.9 million, and not The Heathman $45.0 million. The $126.0 million Fort Worth + Pearl line is the sum of three named 8-K prices. Apple’s 23-hotel $234.6 million 2021 sales line stays combined. Older than the 2025–26 blotter cut.
$75.0M
Cited consideration · 243 keys · $309k / key
Apple 8-K Exhibit 99.1: $75.0 million for the existing 243-room Hampton Inn & Suites Pearl District. Oregon downtown Hampton — not a Maine AC PPK.
Apple Hospitality REIT Form 8-K Exhibit 99.1, November 18, 2021 (closed November 17)
Historical cited · 2021 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2021 cited corpus2021 cited filingsApple · 2021 filings
Source
Apple Hospitality REIT Form 8-K Exhibit 99.1, November 18, 2021 (closed November 17)
https://www.sec.gov/Archives/edgar/data/1418121/000156459021057623/aple-ex991_6.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.
$308,642 / key · 243 keys
$186,947 / key · Harbor defaults
Portland · worksheet vs tape PPK
Apple 8-K Exhibit 99.1: $75.0 million for the existing 243-room Hampton Inn & Suites Pearl District. Oregon downtown Hampton — not a Maine AC PPK.
Apple Hospitality REIT Form 8-K Exhibit 99.1, November 18, 2021 (closed November 17)
Historical cited · 2021 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.
Portland · Upper midscale
243 keys · Portland · Hampton by Hilton
Pearl District Hampton. Apple bought the existing 243-key house on November 17, 2021 for $75.0 million (8-K Exhibit 99.1). Seller unnamed. Not Portland, Maine, not Vintage Portland $32.9 million, and not The Heathman $45.0 million. The $126.0 million Fort Worth + Pearl line is the sum of three named 8-K prices.