Austin · Upscale
Residence Inn Austin Downtown / Convention Center
179 keys · Austin · Residence Inn
Extended-stay downtown. New supply is the underwriting risk in this market.
Public tape · 63 of 282 · 2024
Feb 1, 2024
Hodges Ward Elliott — select-service sale pattern
Extended-stay downtown files trade in this band. Harbor will not republish a live offering memorandum or invent a closed price.
Not disclosed
Unknown on purpose — Harbor will not invent a confidential price · 179 keys
Consideration not disclosed179 keys
News or press — not a filing. Harbor will not invent a confidential consideration.
Deal FrameLiving packetLabeled estimateCompare this tape2024 cited corpus
- Corpus
- Historical cited · 2024
- Keys at tape
- 179
- Segment
- Upscale
- Market
- Austin
- Buyer
- —
- Seller
- —
Source
HWE public practice
https://www.hwehotels.comDesks on the graph
Attached when a press release or public pattern names the firm. Not an unpublished book.
Estimate ↔ tape
The worksheet next to the filing
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.
- Tape
- Not disclosed
- Worksheet
- $48.5M
- Gap
- —
179 keys
$270,804 / key · Harbor defaults
Austin · worksheet vs tape PPK
Consideration not disclosed179 keys
News or press — not a filing. Harbor will not invent a confidential consideration.
The house
Run the labeled estimate
Worksheet, not an appraisal. Shock cap ±50 bps and ADR ±10% before you treat any number as a bid.
Same house or same market · 2
Related public tapes
Same hotel first, then the same market and segment. Structure footnotes stay on the tape. This is not a paid comps service.
Hilton Garden Inn Austin North — Apple disposition
Hilton Garden Inn Austin North · 117 keys · Upscale
Consideration
$10.4M
$89k / key
Apple Exhibit 99.1: approximately $10.4 million for the 117-room Hilton Garden Inn Austin North. North Austin select-service — not a downtown music-city PPK.
Apple Hospitality REIT Exhibit 99.1, February 24, 2025 (close day from Apple’s later sold table)
Apple sold the 117-room Hilton Garden Inn Austin North in December 2024 for a gross sales price of approximately $10.4 million. Apple’s later sold table dates the close to December 31, 2024. Harbor PPK is $10.4 million ÷ 117. Buyer unnamed. Not a downtown music-city tape. Do not blend this into the $63.4 million six-hotel bucket. Older than the 2025–26 blotter cut.
Public filingAug 3, 2021
Residence Inn Austin Northwest/The Domain Area — Chatham Lodging acquisition
Residence Inn Austin Northwest/The Domain Area · 132 keys · Upscale
Consideration
$37.0M
$280k / key
Chatham 2021 10-K hotel table: $37.0 million for the existing 132-room Residence Inn Austin Northwest/The Domain Area. Domain extended-stay — not a downtown Convention Center PPK.
Chatham Lodging Trust Form 10-K for the year ended December 31, 2021 (closed August 3)
Chatham acquired the existing 132-room Residence Inn Austin Northwest/The Domain Area on August 3, 2021 for a $37.0 million purchase price. Harbor PPK is $37.0 million ÷ 132. Chatham’s table rounds the same math to $280,000 per key. Seller unnamed. Rooms sit with that named price in the 2021 10-K hotel table. Not the downtown Convention Center Residence Inn and not Apple’s Austin North Garden Inn $10.4 million tape. The $71.3 million Domain line is the sum of two named 10-K prices. Older than the 2025–26 blotter cut.