Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 32 of 282 · 2025
Apple sold the 130-room SpringHill Suites by Marriott Indianapolis Fishers in March 2025 for a gross sales price of $12.7 million. Apple’s later sold table dates the close to March 19, 2025. Harbor PPK is $12.7 million ÷ 130. Buyer unnamed. Apple used a portion of proceeds in a 1031 with Tampa-Brandon — that is Apple’s tax story, not a second hotel price. Not a blended $73.3 million / 779-key PPK.
$12.7M
Cited consideration · 130 keys · $98k / key
Apple Exhibit 99.1: $12.7 million for the 130-room SpringHill Suites Indianapolis Fishers. Suburban select-service — not a downtown convention PPK.
Apple Hospitality REIT Exhibit 99.1, February 23, 2026 (close day from Apple’s later sold table)
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 blotterApple blotter
Source
Apple Hospitality REIT Exhibit 99.1, February 23, 2026 (close day from Apple’s later sold table)
https://www.sec.gov/Archives/edgar/data/1418121/000119312526064006/aple-ex99_1.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.
$97,692 / key · 130 keys
$188,028 / key · Harbor defaults
Indianapolis · worksheet vs tape PPK
Apple Exhibit 99.1: $12.7 million for the 130-room SpringHill Suites Indianapolis Fishers. Suburban select-service — not a downtown convention PPK.
Apple Hospitality REIT Exhibit 99.1, February 23, 2026 (close day from Apple’s later sold table)
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.
Indianapolis · Upscale
130 keys · Fishers · SpringHill Suites
Northeast-side select-service. Apple sold the 130-key house on March 19, 2025 for $12.7 million (FY2025 Exhibit 99.1; close day from Apple’s later sold table). Buyer unnamed. Not a downtown Indianapolis convention PPK. Apple’s 1031 into Tampa-Brandon is Apple’s tax story, not a second price.