Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 65 of 282 · 2024
Chatham sold the Hilton Garden Inn Denver Tech Center on January 9, 2024 for $18.0 million. Harbor PPK is $18.0 million ÷ 180 from Chatham’s December 31, 2023 property table. Buyer unnamed. Not a downtown Denver tape. The 2024 sale year sits on the corpus; it is older than the 2025–26 blotter cut.
$18.0M
Cited consideration · 180 keys · $100k / key
Chatham 10-K: $18.0 million for Hilton Garden Inn Denver Tech Center. Keys from Chatham’s YE 2023 table (180). Suburban Tech Center — not a downtown Denver PPK.
Chatham Lodging Trust Form 10-K for the year ended Dec 31, 2025 (keys: YE 2023 property 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 filings
Source
Chatham Lodging Trust Form 10-K for the year ended Dec 31, 2025 (keys: YE 2023 property table)
https://www.sec.gov/Archives/edgar/data/1476045/000143774926006103/cldt20251231_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.
$100,000 / key · 180 keys
$173,258 / key · Harbor defaults
Denver · worksheet vs tape PPK
Chatham 10-K: $18.0 million for Hilton Garden Inn Denver Tech Center. Keys from Chatham’s YE 2023 table (180). Suburban Tech Center — not a downtown Denver PPK.
Chatham Lodging Trust Form 10-K for the year ended Dec 31, 2025 (keys: YE 2023 property 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.
Denver · Upscale
180 keys · Denver · Hilton Garden Inn
Suburban Tech Center Garden Inn. Chatham sold the 180-key house on January 9, 2024 for $18.0 million (2025 10-K; keys from YE 2023 table). Buyer unnamed. Not a downtown Denver palace.
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.
Moxy Denver Cherry Creek · 170 keys · Upscale
Consideration
$51.3M
$301k / key
RLJ 2022 10-K table: $51.25 million for the existing 170-room Moxy Denver Cherry Creek. Cherry Creek Moxy — not a downtown Teatro PPK.
RLJ Lodging Trust Form 10-K for the year ended December 31, 2022 (closed December 23, 2021)
RLJ acquired the existing 170-room Moxy Denver Cherry Creek on December 23, 2021 for a $51.25 million purchase price. Harbor PPK is $51.25 million ÷ 170. Use the table price, not the assumed $25.0 million mortgage — that assumed loan is RLJ’s footnote, not a second hotel price. Seller unnamed. Not Hotel Teatro $35.5 million and not Xenia’s Kimpton Hotel Monaco Denver $69.8 million. The $198.25 million 2021 line is the sum of three named 10-K prices. Older than the 2025–26 blotter cut.