Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 9 of 282 · 2026
Summit completed the sale of the 122-guestroom Hilton Garden Inn Longview, Texas, owned by its joint venture with GIC, on February 20, 2026 for $12.3 million. Harbor PPK is $12.3 million ÷ 122. Buyer unnamed. Summit’s cap-rate line after foregone capex is Summit’s narrative, not a second price. The Arlington South Courtyard + Residence Inn $19.0 million pair stays off this row — Summit named only a combined selling price.
$12.3M
Cited consideration · 122 keys · $101k / key
Summit 10-K: $12.3 million for the 122-guestroom Hilton Garden Inn Longview. East Texas select-service — not a Dallas Uptown PPK.
Summit Hotel Properties Form 10-K subsequent events, filed February 25, 2026 (closed February 20)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tapeMorning blotterSelect blotterFilings blotter
Source
Summit Hotel Properties Form 10-K subsequent events, filed February 25, 2026 (closed February 20)
https://www.sec.gov/Archives/edgar/data/1497645/000149764526000015/R27.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.
$100,820 / key · 122 keys
$129,462 / key · Harbor defaults
Longview, Texas · worksheet vs tape PPK
Summit 10-K: $12.3 million for the 122-guestroom Hilton Garden Inn Longview. East Texas select-service — not a Dallas Uptown PPK.
Summit Hotel Properties Form 10-K subsequent events, filed February 25, 2026 (closed February 20)
Morning blotter · 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.
Longview, Texas · Upscale
122 keys · Longview · Hilton Garden Inn
East Texas Garden Inn. Summit’s GIC joint venture sold the 122-key house on February 20, 2026 for $12.3 million (FY2025 10-K subsequent event). Buyer unnamed. Not a Dallas Uptown tape. Summit’s Arlington South Courtyard + Residence Inn $19 million pair stays off this row.