Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 22 of 282 · 2025
Ashford sold the 150-room Residence Inn San Diego Sorrento Mesa in San Diego, California on October 15, 2025 for $42 million in cash. Harbor PPK is $42 million ÷ 150. The same October 15, 2025 8-K names October 15, the 150 rooms, and that cash price. Use the $42 million hotel price, not the $41.4 million net-of-selling-expenses line. Buyer unnamed as a Harbor party — the 8-K names Lily, LP. Filing names San Diego — Harbor will not invent a Mira Mesa lock. Not Apple’s 2015 Courtyard San Diego $56.0 million / 245 tape.
$42.0M
Cited consideration · 150 keys · $280k / key
Ashford 8-K: $42 million in cash for the 150-room Residence Inn San Diego Sorrento Mesa. Sorrento Mesa extended-stay — not a La Jolla palace PPK.
Ashford Hospitality Trust Form 8-K, October 15, 2025 (closed October 15)
Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tapeMorning blotterSelect blotterFilings blotter
Source
Ashford Hospitality Trust Form 8-K, October 15, 2025 (closed October 15)
https://www.sec.gov/Archives/edgar/data/1232582/000123258225000153/aht-20251015.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.
$280,000 / key · 150 keys
$265,145 / key · Harbor defaults
San Diego · worksheet vs tape PPK
Ashford 8-K: $42 million in cash for the 150-room Residence Inn San Diego Sorrento Mesa. Sorrento Mesa extended-stay — not a La Jolla palace PPK.
Ashford Hospitality Trust Form 8-K, October 15, 2025 (closed October 15)
Morning blotter · 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.
San Diego · Upscale
150 keys · San Diego · Residence Inn
Sorrento Mesa extended-stay. Ashford sold the 150-key house on October 15, 2025 for $42 million in cash (8-K). Buyer unnamed as a Harbor party — the 8-K names Lily, LP. Use that cash hotel price, not the $41.4 million net-of-selling-expenses line. Harbor will not invent a Mira Mesa lock. Not Apple’s 2015 Courtyard San Diego $56.0 million / 245 tape.
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.
Courtyard San Diego · 245 keys · Upscale
Consideration
$56.0M
$229k / key
Apple 2015 10-K table: $56.0 million for the existing 245-room Courtyard San Diego. San Diego Courtyard — not a La Jolla leasehold PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed September 1)
Apple acquired the existing 245-room Courtyard San Diego on September 1, 2015 for a $56.0 million gross purchase price. Harbor PPK is $56.0 million ÷ 245. Use the table price, not transaction costs. Seller unnamed. Table city is San Diego — Harbor will not invent a submarket. Not Pebblebrook’s 2021 Estancia La Jolla $108.0 million leasehold and not Braemar’s Hilton La Jolla Torrey Pines $165 million tape. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.