Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 43 of 282 · 2024
Apple sold the 97-room TownePlace Suites by Marriott Knoxville Cedar Bluff in December 2024 for a gross sales price of approximately $9.4 million. Apple’s later sold table dates the close to December 3, 2024. Harbor PPK is $9.4 million ÷ 97. Buyer unnamed. Not a Nashville Broadway tape. Rogers pair stays off this row. Older than the 2025–26 blotter cut.
$9.4M
Cited consideration · 97 keys · $97k / key
Apple Exhibit 99.1: approximately $9.4 million for the 97-room TownePlace Suites Knoxville Cedar Bluff. Cedar Bluff extended-stay — not a Nashville Broadway PPK.
Apple Hospitality REIT Exhibit 99.1, February 24, 2025 (close day from Apple’s later sold table)
Historical cited · 2024 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2024 cited corpus2024 cited filingsApple · 2024 filings
Source
Apple Hospitality REIT Exhibit 99.1, February 24, 2025 (close day from Apple’s later sold table)
https://www.sec.gov/Archives/edgar/data/1418121/000095017025025637/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.
$96,907 / key · 97 keys
$131,378 / key · Harbor defaults
Knoxville · worksheet vs tape PPK
Apple Exhibit 99.1: approximately $9.4 million for the 97-room TownePlace Suites Knoxville Cedar Bluff. Cedar Bluff extended-stay — not a Nashville Broadway PPK.
Apple Hospitality REIT Exhibit 99.1, February 24, 2025 (close day from Apple’s later sold table)
Historical cited · 2024 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.
Knoxville · Upper midscale
97 keys · Knoxville · TownePlace Suites
Cedar Bluff extended-stay. Apple sold the 97-key house on December 3, 2024 for approximately $9.4 million (FY2024 Exhibit 99.1; close day from Apple’s later sold table). Buyer unnamed. Not a Nashville Broadway tape. Rogers pair stays off this row.