Harbor by Signalry · Buy / sell deskTape 242 of 282Cited price
Public tape · 242 of 282 · 2015
Jun 1, 2015Historical cited · 2015
St. Gregory Hotel — Hersha acquisition
Hersha acquired the 155-room St. Gregory Hotel & Suites in Washington, DC in June 2015 for $57.0 million. Harbor uses the first of June rather than inventing a closing day. Harbor PPK is $57.0 million ÷ 155. The same 8-K names June, the 155 rooms, and that hotel price. Use the $57.0 million hotel price, not the $25.8 million assumed loan. Hersha’s 7.0% economic capitalization rate and 12.9x EBITDA lines are Hersha’s narrative, not a second hotel price. Seller unnamed. Filing names Dupont Circle — Harbor will not invent a Georgetown lock. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Park’s 2020 Embassy Suites Washington DC Georgetown $90.4 million / 197 tape and not Hersha’s 2018 Hyatt House Gaithersburg $19.0 million / 140 tape. Older than the 2025–26 blotter cut.
$57.0M
Cited consideration · 155 keys · $368k / key
Hersha Q2 2015 8-K: $57.0 million for the 155-room St. Gregory Hotel & Suites in Washington, DC. Dupont Circle independent — not a Georgetown Embassy PPK.
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
$57.0M
$367,742 / key · 155 keys
Worksheet
$46.3M
$298,908 / key · Harbor defaults
Gap
-19%
Washington, D.C. · worksheet vs tape PPK
Hersha Q2 2015 8-K: $57.0 million for the 155-room St. Gregory Hotel & Suites in Washington, DC. Dupont Circle independent — not a Georgetown Embassy PPK.
Dupont Circle independent. Hersha bought the 155-key house in June 2015 for $57.0 million (Q2 2015 8-K earnings release). Harbor uses the first of June rather than inventing a closing day. Seller unnamed. Filing names Dupont Circle — Harbor will not invent a Georgetown lock. Use the $57.0 million hotel price, not the $25.8 million assumed loan. Not Park’s 2020 Embassy Suites Washington DC Georgetown $90.4 million / 197 tape and not Hersha’s 2018 Hyatt House Gaithersburg $19.0 million / 140 tape.
Hersha acquired the 152-room Capitol Hill Suites in Washington, D.C. on April 15, 2011 for $47.5 million. Harbor PPK is $47.5 million ÷ 152. Hersha rounded the same math to $310 thousand per key. The same Exhibit 99.1 names April 15, the 152 rooms, and that hotel price. Use the $47.5 million hotel price, not the $32.5 million assumed mortgage and not the 10-Q $47.754 million allocation. Seller unnamed. Filing names Capitol Hill — Harbor will not invent a Georgetown lock. The same paper’s Courtyard Westside line is a contract, not a close. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2015 St. Gregory Hotel $57.0 million / 155 tape, not Hersha’s 2015 Ritz-Carlton Georgetown $50.0 million / 86 tape, not Hersha’s 2016 Hilton Garden Inn M Street $106.5 million / 238 tape, not Park’s 2020 Embassy Suites Washington DC Georgetown $90.4 million / 197 tape, and not Hersha’s 2018 Hyatt House Gaithersburg $19.0 million / 140 tape. Older than the 2025–26 blotter cut.