Skip to content
Harborby Signalry

Public tape · 223 of 282 · 2016

Jul 1, 2016Historical cited · 2016

Home2 Suites Atlanta — Apple Hospitality acquisition

Apple acquired the newly constructed 128-room Home2 Suites Atlanta on July 1, 2016, the same day the hotel opened, for a purchase price of approximately $24.6 million. Harbor PPK is $24.6 million ÷ 128. Use that named price, not transaction costs. Seller unnamed. Table city is Atlanta — Harbor will not invent a submarket. Not the 2018 Downtown Hampton $24.0 million tape, not Perimeter Dunwoody $29.5 million, and not RLJ’s 2021 Midtown Hampton $58.0 million tape. The Apple Ten 56-hotel merger stays off. The 19-hotel $208.5 million 2015 sold pack stays combined. Older than the 2025–26 blotter cut.

$24.6M

Cited consideration · 128 keys · $192k / key

Apple 2016 10-K: approximately $24.6 million for the new 128-room Home2 Suites Atlanta. Atlanta Home2 — not a downtown Hampton PPK.

Apple Hospitality REIT Form 10-K for the year ended December 31, 2016 (closed July 1)

Historical cited · 2016 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Deal FrameLiving packetLabeled estimateCompare this tape2016 cited corpus2016 cited filingsApple · 2016 filings

Keys at tape
128
Segment
Upper midscale
Market
Atlanta
Buyer
Apple Hospitality REIT
Seller
—

Source

Apple Hospitality REIT Form 10-K for the year ended December 31, 2016 (closed July 1)

https://www.sec.gov/Archives/edgar/data/1418121/000118518517000461/applehospitality10k123116.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
$24.6M

$192,188 / key · 128 keys

Worksheet
$21.7M

$169,409 / key · Harbor defaults

Gap
-12%

Atlanta · worksheet vs tape PPK

Apple 2016 10-K: approximately $24.6 million for the new 128-room Home2 Suites Atlanta. Atlanta Home2 — not a downtown Hampton PPK.

Apple Hospitality REIT Form 10-K for the year ended December 31, 2016 (closed July 1)

Historical cited · 2016 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.

Atlanta · Upper midscale

Home2 Suites Atlanta

128 keys · Atlanta · Home2 Suites

Atlanta Home2. Apple bought the new 128-key house on July 1, 2016 for approximately $24.6 million (2016 10-K). Seller unnamed. Table city is Atlanta — Harbor will not invent a submarket. Not the Downtown Hampton $24.0 million tape, not Perimeter Dunwoody $29.5 million, and not Midtown Hampton $58.0 million. The Apple Ten 56-hotel merger stays off this row.

Same house or same market · 5

Related public tapes

Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.

Public filingApr 29, 2024

Hampton Inn Lawrenceville — Ashford disposition

Hampton Inn Lawrenceville · 85 keys · Upper midscale

Consideration

$8.1M

$95k / key

Ashford 8-K: $8.1 million for the 85-room Hampton Inn in Lawrenceville, Georgia. Gwinnett County Hampton — not a Buckhead or downtown Atlanta PPK.

Ashford Hospitality Trust Form 8-K, April 29, 2024 (closed; day unnamed beyond the 8-K date)

Ashford closed the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 million. The April 29, 2024 8-K names the close, the 85 rooms, and that hotel price. Harbor uses April 29 rather than inventing a different closing day. Harbor PPK is $8.1 million ÷ 85. Ashford rounded the same math to $95,300 per key. Use the $8.1 million hotel price, not a net-proceeds line. Buyer unnamed. Filing names Lawrenceville — Harbor will not invent a Buckhead lock. Hilton Boston Back Bay stays off (144 / 390 room conflict). Residence Inn Salt Lake City stays off until one paper names month, the $19.2 million hotel price, and keys together. The Kennesaw SpringHill plus Fairfield line stays combined. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateAtlantaCompare

Public filingAug 1, 2021

Hampton Inn & Suites Atlanta Midtown — RLJ acquisition

Hampton Inn & Suites Atlanta Midtown · 186 keys · Upper midscale

Consideration

$58.0M

$312k / key

RLJ Q2 2021 8-K Exhibit 99.1: $58.0 million for the newly built 186-room Hampton Inn & Suites Atlanta Midtown. Early August 2021; day-of-month not named. Midtown box — not a Buckhead Courtyard PPK.

RLJ Lodging Trust Form 8-K Exhibit 99.1, Q2 2021 (early August close; day unnamed)

RLJ acquired the newly built 186-room Hampton Inn & Suites Atlanta Midtown in early August 2021 for a purchase price of $58.0 million. Harbor uses the first of August rather than inventing a closing day. Harbor PPK is $58.0 million ÷ 186. RLJ rounded the same math to about $312,000 per key. Seller unnamed. Not the 2025 Courtyard Buckhead $24.3 million sale and not a slice of Host’s $331.0 million Buckhead + Lafayette Square line. The $13.3 million Naperville + Fishers line and the $21.8 million Hammond line stay combined. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateAtlantaCompare

Public filingApple boughtJun 28, 2018

Hampton Inn & Suites Atlanta/Perimeter Dunwoody — Apple Hospitality acquisition

Hampton Inn & Suites Atlanta/Perimeter Dunwoody · 132 keys · Upper midscale

Consideration

$29.5M

$223k / key

Apple 2019 10-K table: $29.5 million for the existing 132-room Hampton Inn & Suites Atlanta/Perimeter Dunwoody. Perimeter Hampton — not a downtown Hampton PPK.

Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed June 28, 2018)

Apple acquired the existing 132-room Hampton Inn & Suites Atlanta/Perimeter Dunwoody on June 28, 2018 for a $29.5 million gross purchase price. Harbor PPK is $29.5 million ÷ 132. Use the table price, not transaction costs. Seller unnamed. Not the Downtown Hampton $24.0 million tape and not the Midtown Hampton $58.0 million tape. The $152.2 million 2018 line is the sum of five named 10-K prices. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateAtlantaCompare

Public filingApple boughtFeb 5, 2018

Hampton Inn & Suites Atlanta/Downtown — Apple Hospitality acquisition

Hampton Inn & Suites Atlanta/Downtown · 119 keys · Upper midscale

Consideration

$24.0M

$202k / key

Apple 2019 10-K table: $24.0 million for the existing 119-room Hampton Inn & Suites Atlanta/Downtown. Downtown Hampton — not a Midtown Hampton PPK.

Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed February 5, 2018)

Apple acquired the existing 119-room Hampton Inn & Suites Atlanta/Downtown on February 5, 2018 for a $24.0 million gross purchase price. Harbor PPK is $24.0 million ÷ 119. Use the table price, not transaction costs. Seller unnamed. Same-day Memphis Hampton is a second named 10-K price, not a Harbor split. Not the Midtown Hampton $58.0 million tape and not the Perimeter Dunwoody Hampton $29.5 million tape. The $152.2 million 2018 line is the sum of five named 10-K prices. Older than the 2025–26 blotter cut.

Open the tape →FramePacketEstimateAtlantaCompare