Hotels only · No pay-to-rank · Advice first; verified when attested
Public tape · 207 of 282 · 2017
Hersha acquired the 294-room Westin Hotel in Philadelphia on June 29, 2017 for $135 million. Harbor PPK is $135 million ÷ 294. The same Exhibit 99.1 names the completed buy, the 294 rooms, and that hotel price. Seller unnamed. Filing names Philadelphia — Harbor will not invent a Rittenhouse lock. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. 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 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Pebblebrook’s 2022 Sofitel Philadelphia at Rittenhouse Square $80.0 million / 306 tape. Older than the 2025–26 blotter cut.
$135.0M
Cited consideration · 294 keys · $459k / key
Hersha Exhibit 99.1: $135 million for the 294-room Westin Hotel in Philadelphia. Philadelphia Westin — not a Rittenhouse Sofitel PPK.
Hersha Hospitality Trust Q2 2017 Exhibit 99.1 (June 29, 2017 close)
Historical cited · 2017 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.
Deal FrameLiving packetLabeled estimateCompare this tape2017 cited corpus2017 cited filings
Source
Hersha Hospitality Trust Q2 2017 Exhibit 99.1 (June 29, 2017 close)
https://www.sec.gov/Archives/edgar/data/1063344/000106334417000066/ht-20170630xex99_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.
$459,184 / key · 294 keys
$313,141 / key · Harbor defaults
Philadelphia · worksheet vs tape PPK
Hersha Exhibit 99.1: $135 million for the 294-room Westin Hotel in Philadelphia. Philadelphia Westin — not a Rittenhouse Sofitel PPK.
Hersha Hospitality Trust Q2 2017 Exhibit 99.1 (June 29, 2017 close)
Historical cited · 2017 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.
Philadelphia · Upper upscale
294 keys · Philadelphia · Westin
Philadelphia Westin. Hersha bought the 294-key house on June 29, 2017 for $135 million (Q2 2017 Exhibit 99.1). Seller unnamed. Filing names Philadelphia — Harbor will not invent a Rittenhouse lock. Not Pebblebrook’s 2022 Sofitel Philadelphia at Rittenhouse Square $80.0 million / 306 tape.