Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 217 of 282 · 2016
Apple sold the 226-room Marriott Chesapeake on December 6, 2016 for a sale price of approximately $9.9 million. Harbor PPK is $9.9 million ÷ 226. The same 10-K names December 6, the 226 rooms, and that price. Use the $9.9 million sale price, not the impairment. Buyer unnamed. Not the 2017 Fairfax Marriott $41.5 million tape and not a Norfolk waterfront palace. The Dallas Hilton close is cited from the 2017 10-K — this 2016 paper only names that house as held for sale. The Apple Ten merger stays off. Older than the 2025–26 blotter cut.
$9.9M
Cited consideration · 226 keys · $44k / key
Apple 2016 10-K: approximately $9.9 million for the 226-room Marriott Chesapeake. Hampton Roads Marriott — not a Fairfax PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2016 (sold December 6)
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
Source
Apple Hospitality REIT Form 10-K for the year ended December 31, 2016 (sold December 6)
https://www.sec.gov/Archives/edgar/data/1418121/000118518517000461/applehospitality10k123116.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.
$43,805 / key · 226 keys
$114,567 / key · Harbor defaults
Hampton Roads · worksheet vs tape PPK
Apple 2016 10-K: approximately $9.9 million for the 226-room Marriott Chesapeake. Hampton Roads Marriott — not a Fairfax PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2016 (sold December 6)
Historical cited · 2016 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.
Hampton Roads · Upper upscale
226 keys · Chesapeake · Marriott
Chesapeake Marriott. Apple sold the 226-key house on December 6, 2016 for approximately $9.9 million (2016 10-K). Buyer unnamed. Use the $9.9 million sale price, not the impairment. Not the 2017 Fairfax Marriott $41.5 million tape and not a Norfolk waterfront palace. The Apple Ten merger stays off this row.