Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 205 of 282 · 2017
Apple acquired the existing 179-room Residence Inn in Portland, Maine on October 13, 2017 for a $55.750 million gross purchase price. Harbor PPK is $55.750 million ÷ 179. Apple rounded the same math to about $311,000 per key. Use the table price, not transaction costs. Seller unnamed. Not the 2021 AC $66.75 million tape and not the Aloft $51.15 million tape. Not Portland, Oregon. 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.
$55.8M
Cited consideration · 179 keys · $311k / key
Apple 2017 10-K table: $55.750 million for the existing 179-room Residence Inn in coastal Maine. Coastal Maine Residence Inn — not an Oregon downtown PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2017 (closed October 13)
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
Source
Apple Hospitality REIT Form 10-K for the year ended December 31, 2017 (closed October 13)
https://www.sec.gov/Archives/edgar/data/1418121/000118518518000290/applehospitality10k123117.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.
$311,453 / key · 179 keys
$228,319 / key · Harbor defaults
Portland, Maine · worksheet vs tape PPK
Apple 2017 10-K table: $55.750 million for the existing 179-room Residence Inn in coastal Maine. Coastal Maine Residence Inn — not an Oregon downtown PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2017 (closed October 13)
Historical cited · 2017 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.
Portland, Maine · Upscale
179 keys · Portland · Residence Inn
Portland, Maine Residence Inn. Apple bought the existing 179-key house on October 13, 2017 for $55.750 million (2017 10-K table). Seller unnamed. Not the 2021 AC $66.75 million tape and not the Aloft $51.15 million tape. Not Portland, Oregon. The $161.770 million 2017 line is the sum of six named 10-K prices.
Same house or same market · 2
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Aloft Portland, Maine · 157 keys · Upscale
Consideration
$51.1M
$326k / key
Apple Q3 2021 10-Q table: $51.15 million gross purchase price for the 157-room Maine Aloft, excluding transaction costs. Coastal Maine Aloft — not an Oregon downtown PPK.
Apple Hospitality REIT Form 10-Q, quarter ended September 30, 2021 (closed September 10)
Apple acquired the 157-room Aloft in Portland, Maine on September 10, 2021 for a $51.15 million gross purchase price. Harbor PPK is $51.15 million ÷ 157. Use the table price, not transaction costs. Seller unnamed. Not Portland, Oregon. The $147.9 million Maine + Greenville line is the sum of three named 10-Q prices. Apple’s 23-hotel $234.6 million 2021 sales line stays combined. Older than the 2025–26 blotter cut.
AC Hotel Portland, Maine · 178 keys · Upscale
Consideration
$66.8M
$375k / key
Apple Q3 2021 10-Q table: $66.75 million gross purchase price for the 178-room Maine AC Hotel, excluding transaction costs. Coastal Maine AC — not an Oregon downtown PPK.
Apple Hospitality REIT Form 10-Q, quarter ended September 30, 2021 (closed August 20)
Apple acquired the 178-room AC Hotel in Portland, Maine on August 20, 2021 for a $66.75 million gross purchase price. Harbor PPK is $66.75 million ÷ 178. Use the table price, not transaction costs. Seller unnamed. Not Portland, Oregon, and not Pebblebrook’s Vintage Portland or Heathman tapes. The $147.9 million Maine + Greenville line is the sum of this price plus Hyatt Place Greenville $30.0 million plus Aloft Portland, Maine $51.15 million — Harbor did not invent a split. Apple’s 23-hotel $234.6 million 2021 sales line stays combined. Older than the 2025–26 blotter cut.