Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 131 of 282 · 2021
Apple acquired the existing 150-room Hilton Garden Inn in Memphis on October 28, 2021 for a gross purchase price of approximately $38.0 million. Harbor PPK is $38.0 million ÷ 150. Use that subsequent-event price, not transaction costs. Seller unnamed. Not The Peabody. Older than the 2025–26 blotter cut.
$38.0M
Cited consideration · 150 keys · $253k / key
Apple Q3 2021 10-Q subsequent event: approximately $38.0 million gross purchase price for the existing 150-room Hilton Garden Inn Memphis. Rooms-focused — not The Peabody.
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 10-Q, quarter ended September 30, 2021 (subsequent event; closed October 28)
https://www.sec.gov/Archives/edgar/data/1418121/000156459021054504/aple-10q_20210930.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.
$253,333 / key · 150 keys
$155,021 / key · Harbor defaults
Memphis · worksheet vs tape PPK
Apple Q3 2021 10-Q subsequent event: approximately $38.0 million gross purchase price for the existing 150-room Hilton Garden Inn Memphis. Rooms-focused — not The Peabody.
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.
Memphis · Upscale
150 keys · Memphis · Hilton Garden Inn
Memphis Garden Inn. Apple bought the existing 150-key house on October 28, 2021 for approximately $38.0 million (Q3 2021 10-Q subsequent event). Seller unnamed. Not The Peabody. Use the subsequent-event price, not transaction costs.
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.
Homewood Suites Memphis · 140 keys · Upscale
Consideration
$9.0M
$64k / key
Apple Q2 2021 10-Q: approximately $9.0 million gross for the 140-room Homewood Suites Memphis. Memphis Homewood — not a Peabody palace PPK and not the Shady Grove Hampton sale.
Apple Hospitality REIT Q2 2021 10-Q (March 16, 2021 close; price from the same paper)
Apple sold the 140-room Homewood Suites Memphis on March 16, 2021 for a gross sales price of approximately $9.0 million. Harbor PPK is $9.0 million ÷ 140. The same 10-Q names the 140 rooms and that hotel price, and dates the close to March 16. Buyer unnamed. Filing names Memphis — Harbor will not invent a Germantown lock. Use the $9.0 million hotel price, not the $4.4 million 2020 impairment. The Q1 2021 Charlotte plus Memphis $18.3 million line stays combined. Apple’s 2018 Springdale Residence Inn stays off. The Columbus TownePlace plus SpringHill $10 million line stays combined. The 23-hotel $234.6 million 2021 sales line stays combined. Not Apple’s 2018 Hampton Inn & Suites Memphis $39.0 million / 144 buy and not Park’s 2022 Hampton Inn & Suites Memphis – Shady Grove $11.5 million / 131 tape. Older than the 2025–26 blotter cut.