Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 113 of 282 · 2022
Chatham acquired the existing 111-room Hilton Garden Inn Destin Miramar Beach on March 8, 2022 for a $31.0 million purchase price. Harbor PPK is $31.0 million ÷ 111. Chatham rounded the same math to about $279,000 per key. Seller unnamed. Close day is the Q1 2022 10-Q. Not Apple’s Tampa-Brandon Homewood $18.8 million tape, not DiamondRock’s Henderson Beach Resort $112.5 million / 170 tape, and not Henderson Park Inn $27.5 million / 37. Chatham’s $80 million 2022 sales line stays combined. Older than the 2025–26 blotter cut.
$31.0M
Cited consideration · 111 keys · $279k / key
Chatham Q1 2022 8-K Exhibit 99.1: $31 million for the existing 111-room Hilton Garden Inn Destin Miramar Beach. Beachside Garden Inn — not a Tampa Brandon Homewood PPK.
Chatham Lodging Trust Form 8-K Exhibit 99.1, quarter ended March 31, 2022 (closed March 8)
Historical cited · 2022 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2022 cited corpus2022 cited filings
Source
Chatham Lodging Trust Form 8-K Exhibit 99.1, quarter ended March 31, 2022 (closed March 8)
https://www.sec.gov/Archives/edgar/data/1476045/000147604522000042/exhibit991-20220331.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.
$279,279 / key · 111 keys
$254,490 / key · Harbor defaults
Destin / Miramar Beach · worksheet vs tape PPK
Chatham Q1 2022 8-K Exhibit 99.1: $31 million for the existing 111-room Hilton Garden Inn Destin Miramar Beach. Beachside Garden Inn — not a Tampa Brandon Homewood PPK.
Chatham Lodging Trust Form 8-K Exhibit 99.1, quarter ended March 31, 2022 (closed March 8)
Historical cited · 2022 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.
Destin / Miramar Beach · Upscale
111 keys · Miramar Beach · Hilton Garden Inn
Destin / Miramar Beach Garden Inn. Chatham bought the existing 111-key house on March 8, 2022 for $31.0 million (Q1 2022 8-K Exhibit 99.1). Seller unnamed. Not Apple’s Tampa-Brandon Homewood $18.8 million tape, not DiamondRock’s Henderson Beach Resort $112.5 million / 170 tape, and not Henderson Park Inn $27.5 million / 37. Chatham’s $80 million 2022 sales line stays combined.