Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 78 of 282 · 2023
Pebblebrook sold Hotel Vintage Seattle on May 24, 2023 for $33.7 million. Harbor PPK is $33.7 million ÷ 125 from Pebblebrook’s Q2 2023 Exhibit 99.1 — the sale 10-Q names $33.700 million, not keys. Buyer unnamed. Not Hotel Monaco Seattle $63.25 million and not an airport box. Harbor will not invent a split of Pebblebrook’s Q2 $97.0 million Seattle proceeds line — each house already has its own named price. Older than the 2025–26 blotter cut.
$33.7M
Cited consideration · 125 keys · $270k / key
Pebblebrook 10-Q: $33.7 million for Hotel Vintage Seattle. Closed May 24, 2023. Keys (125) from Q2 2023 Exhibit 99.1. Downtown boutique — not a Monaco PPK.
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
Pebblebrook Hotel Trust Form 10-Q, quarter ended September 30, 2023 (closed May 24; keys: Q2 2023 Exhibit 99.1 125-room)
https://www.sec.gov/Archives/edgar/data/1474098/000147409823000156/peb-20230930.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.
$269,600 / key · 125 keys
$302,438 / key · Harbor defaults
Seattle · worksheet vs tape PPK
Pebblebrook 10-Q: $33.7 million for Hotel Vintage Seattle. Closed May 24, 2023. Keys (125) from Q2 2023 Exhibit 99.1. Downtown boutique — not a Monaco PPK.
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.
Seattle · Upscale
125 keys · Seattle · Hotel Vintage
Downtown Seattle boutique. Pebblebrook sold the 125-key house on May 24, 2023 for $33.7 million (2023 10-Q; keys from Q2 2023 Exhibit 99.1). Buyer unnamed. Not the Monaco $63.25 million tape and not an airport box.
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.
Residence Inn Seattle South/Renton · 146 keys · Upscale
Consideration
$55.5M
$380k / key
Apple 2023 10-K table: $55.5 million for the existing 146-room Residence Inn Seattle South/Renton. South extended-stay — not a downtown Seattle PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed October 18)
Apple acquired the existing 146-room Residence Inn Seattle South/Renton on October 18, 2023 for a $55.5 million gross purchase price. Harbor PPK is $55.5 million ÷ 146. Apple rounded the same math to about $380,000 per key. Use the table price, not transaction costs. Seller unnamed. Not Pebblebrook’s downtown Monaco $63.25 million or Vintage $33.7 million tapes. Older than the 2025–26 blotter cut.