Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 72 of 282 · 2023
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.
$55.5M
Cited consideration · 146 keys · $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)
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 filingsApple · 2023 filings
Source
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed October 18)
https://www.sec.gov/Archives/edgar/data/1418121/000095017024018793/aple-20231231.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.
$380,137 / key · 146 keys
$250,415 / key · Harbor defaults
Seattle · worksheet vs tape PPK
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)
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
146 keys · Renton · Residence Inn
South Seattle / Renton Residence Inn. Apple bought the existing 146-key house on October 18, 2023 for $55.5 million (2023 10-K table). Seller unnamed. Not Pebblebrook’s downtown Monaco $63.25 million or Vintage $33.7 million tapes. Apple’s Seattle Residence Inn site buy is not this 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.
Hotel Vintage Seattle · 125 keys · Upscale
Consideration
$33.7M
$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.
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.