Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 39 of 282 · 2024
Apple sold the 117-room Hilton Garden Inn Austin North in December 2024 for a gross sales price of approximately $10.4 million. Apple’s later sold table dates the close to December 31, 2024. Harbor PPK is $10.4 million ÷ 117. Buyer unnamed. Not a downtown music-city tape. Do not blend this into the $63.4 million six-hotel bucket. Older than the 2025–26 blotter cut.
$10.4M
Cited consideration · 117 keys · $89k / key
Apple Exhibit 99.1: approximately $10.4 million for the 117-room Hilton Garden Inn Austin North. North Austin select-service — not a downtown music-city PPK.
Apple Hospitality REIT Exhibit 99.1, February 24, 2025 (close day from Apple’s later sold table)
Historical cited · 2024 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2024 cited corpus2024 cited filingsApple · 2024 filings
Source
Apple Hospitality REIT Exhibit 99.1, February 24, 2025 (close day from Apple’s later sold table)
https://www.sec.gov/Archives/edgar/data/1418121/000095017025025637/aple-ex99_1.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.
$88,889 / key · 117 keys
$198,976 / key · Harbor defaults
Austin · worksheet vs tape PPK
Apple Exhibit 99.1: approximately $10.4 million for the 117-room Hilton Garden Inn Austin North. North Austin select-service — not a downtown music-city PPK.
Apple Hospitality REIT Exhibit 99.1, February 24, 2025 (close day from Apple’s later sold table)
Historical cited · 2024 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.
Austin · Upscale
117 keys · Austin · Hilton Garden Inn
North Austin Garden Inn, not a downtown music-city palace. Apple sold the 117-key house on December 31, 2024 for approximately $10.4 million (FY2024 Exhibit 99.1; close day from Apple’s later sold table). Buyer unnamed. Do not blend this into the $63.4 million six-hotel bucket.
Same house or same market · 2
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Residence Inn Austin Downtown / Convention Center · 179 keys · Upscale
Consideration
Not disclosed
Extended-stay downtown files trade in this band. Harbor will not republish a live offering memorandum or invent a closed price.
Residence Inn Austin Northwest/The Domain Area · 132 keys · Upscale
Consideration
$37.0M
$280k / key
Chatham 2021 10-K hotel table: $37.0 million for the existing 132-room Residence Inn Austin Northwest/The Domain Area. Domain extended-stay — not a downtown Convention Center PPK.
Chatham Lodging Trust Form 10-K for the year ended December 31, 2021 (closed August 3)
Chatham acquired the existing 132-room Residence Inn Austin Northwest/The Domain Area on August 3, 2021 for a $37.0 million purchase price. Harbor PPK is $37.0 million ÷ 132. Chatham’s table rounds the same math to $280,000 per key. Seller unnamed. Rooms sit with that named price in the 2021 10-K hotel table. Not the downtown Convention Center Residence Inn and not Apple’s Austin North Garden Inn $10.4 million tape. The $71.3 million Domain line is the sum of two named 10-K prices. Older than the 2025–26 blotter cut.