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Public tape · 203 of 282 · 2017

Dec 1, 2017Historical cited · 2017

Home2 Suites by Hilton Anchorage — Apple Hospitality acquisition

Apple acquired the existing 135-room Home2 Suites Anchorage on December 1, 2017 for a $24.048 million gross purchase price. Harbor PPK is $24.048 million ÷ 135. Apple rounded the same math to about $178,000 per key. Use the table price, not transaction costs. Seller unnamed. Harbor will not invent a submarket the table does not name. Not a Honolulu resort PPK. The $161.770 million 2017 line is the sum of six named 10-K prices. The Birmingham adjoining dual-brand 2017 line stays combined. Older than the 2025–26 blotter cut.

$24.0M

Cited consideration · 135 keys · $178k / key

Apple 2017 10-K table: $24.048 million for the existing 135-room Home2 Suites Anchorage. Anchorage Home2 — not a Honolulu resort PPK.

Apple Hospitality REIT Form 10-K for the year ended December 31, 2017 (closed December 1)

Historical cited · 2017 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Deal FrameLiving packetLabeled estimateCompare this tape2017 cited corpus2017 cited filingsApple · 2017 filings

Keys at tape
135
Segment
Upper midscale
Market
Anchorage
Buyer
Apple Hospitality REIT
Seller
—

Source

Apple Hospitality REIT Form 10-K for the year ended December 31, 2017 (closed December 1)

https://www.sec.gov/Archives/edgar/data/1418121/000118518518000290/applehospitality10k123117.htm

Estimate ↔ tape

The worksheet next to the filing

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.

Tape
$24.0M

$178,133 / key · 135 keys

Worksheet
$22.9M

$169,697 / key · Harbor defaults

Gap
-5%

Anchorage · worksheet vs tape PPK

Apple 2017 10-K table: $24.048 million for the existing 135-room Home2 Suites Anchorage. Anchorage Home2 — not a Honolulu resort PPK.

Apple Hospitality REIT Form 10-K for the year ended December 31, 2017 (closed December 1)

Historical cited · 2017 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameShock the worksheetCompare tapes

The house

Run the labeled estimate

Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.

Anchorage · Upper midscale

Home2 Suites by Hilton Anchorage

135 keys · Anchorage · Home2 Suites

Anchorage Home2. Apple bought the existing 135-key house on December 1, 2017 for $24.048 million (2017 10-K table). Seller unnamed. Harbor will not invent a submarket the table does not name. Not a Honolulu resort PPK. The $161.770 million 2017 line is the sum of six named 10-K prices.