Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 66 of 282 · 2023
Apple acquired the existing 299-room SpringHill Suites Las Vegas Convention Center on December 27, 2023 for a $75.0 million gross purchase price. Harbor PPK is $75.0 million ÷ 299. Apple rounded the same math to about $251,000 per key. Use the table price, not transaction costs. Seller unnamed. Rooms-focused — not a Strip palace PPK. Apple’s $289.75 million 2023 line is the sum of six named hotel prices plus a $9.14 million garage that is not a hotel tape. Older than the 2025–26 blotter cut.
$75.0M
Cited consideration · 299 keys · $251k / key
Apple 2023 10-K table: $75.0 million for the existing 299-room Convention Center SpringHill Suites. Convention Center SpringHill — not a Strip palace PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed December 27)
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 December 27)
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.
$250,836 / key · 299 keys
$219,691 / key · Harbor defaults
Las Vegas · worksheet vs tape PPK
Apple 2023 10-K table: $75.0 million for the existing 299-room Convention Center SpringHill Suites. Convention Center SpringHill — not a Strip palace PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed December 27)
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.
Las Vegas · Upscale
299 keys · Las Vegas · SpringHill Suites
Convention Center SpringHill. Apple bought the existing 299-key house on December 27, 2023 for $75.0 million (2023 10-K table). Seller unnamed. Rooms-focused — not a Strip palace PPK.