Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 81 of 282 · 2023
Summit sold the 93-guestroom Holiday Inn Express & Suites Minnetonka in May 2023 for $6.4 million. Harbor uses the first of May rather than inventing a closing day. Harbor PPK is $6.4 million ÷ 93. Buyer unnamed. Not a downtown Nicollet tape. Not the Eden Prairie Garden Inn $8.2 million tape. Older than the 2025–26 blotter cut.
$6.4M
Cited consideration · 93 keys · $69k / key
Summit Exhibit 99.1 sold table: $6.4 million for the 93-guestroom Holiday Inn Express & Suites Minnetonka. May 2023; day-of-month not named. West-suburban limited-service — not a Nicollet palace PPK.
Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (May 2023 close; day unnamed)
Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2023 cited corpus2023 cited filings
Source
Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (May 2023 close; day unnamed)
https://www.sec.gov/Archives/edgar/data/1497645/000149764525000014/exhibit99112-31x2024.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.
$68,817 / key · 93 keys
$126,878 / key · Harbor defaults
Minneapolis–St. Paul · worksheet vs tape PPK
Summit Exhibit 99.1 sold table: $6.4 million for the 93-guestroom Holiday Inn Express & Suites Minnetonka. May 2023; day-of-month not named. West-suburban limited-service — not a Nicollet palace PPK.
Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (May 2023 close; day unnamed)
Historical cited · 2023 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.
Minneapolis–St. Paul · Upper midscale
93 keys · Minnetonka · Holiday Inn Express
West-suburban Express. Summit sold the 93-key house in May 2023 for $6.4 million (FY2024 Exhibit 99.1 sold table). Day unnamed — Harbor uses the first of May. Buyer unnamed. Not a downtown Nicollet tape. Not the Eden Prairie Garden Inn $8.2 million tape.