Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 164 of 282 · 2020
Apple sold the 105-room Sanford, Florida SpringHill Suites on January 16, 2020 for a $13.0 million gross sales price. Harbor PPK is $13.0 million ÷ 105. The same 2019 10-K names January 16, the 105 rooms, and that gross price. Use the $13.0 million hotel price, not the estimated gain and not the $55.3 million 2020 three-hotel line. Buyer unnamed. Filing names Sanford, Florida — Harbor will not invent an Orlando lock. SpringHill Suites Boise stays off until a filing names February, a hotel price, and 230 keys together. Hampton Inn Tulare stays off until a filing names December, a hotel price, and 86 keys together. Older than the 2025–26 blotter cut.
$13.0M
Cited consideration · 105 keys · $124k / key
Apple 2019 10-K: $13.0 million gross for the 105-room Sanford, Florida SpringHill Suites. Seminole County select-service — not an Orlando convention PPK.
Apple Hospitality REIT Form 10-K, year ended December 31, 2019 (sold January 16, 2020)
Historical cited · 2020 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2020 cited corpus2020 cited filingsApple · 2020 filings
Source
Apple Hospitality REIT Form 10-K, year ended December 31, 2019 (sold January 16, 2020)
https://www.sec.gov/Archives/edgar/data/1418121/000118518520000213/aple20191231_10k.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.
$123,810 / key · 105 keys
$140,082 / key · Harbor defaults
Sanford · worksheet vs tape PPK
Apple 2019 10-K: $13.0 million gross for the 105-room Sanford, Florida SpringHill Suites. Seminole County select-service — not an Orlando convention PPK.
Apple Hospitality REIT Form 10-K, year ended December 31, 2019 (sold January 16, 2020)
Historical cited · 2020 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.
Sanford · Upscale
105 keys · Sanford · SpringHill Suites
Seminole County select-service. Apple sold the 105-key house on January 16, 2020 for a $13.0 million gross sales price (2019 10-K). Buyer unnamed. Use that hotel price, not the estimated gain and not the $55.3 million 2020 three-hotel line. Harbor will not invent an Orlando lock.