News, press releases, and filings. Unknown stays unknown. Hotel-casino and sale-leaseback structures keep their footnotes. This is not a paid sales-comp service.
Doubletree Guest Suites Times Square · 468 keys · Upper upscale
Sunstone 8-K: $540.0 million contractual gross for the entity sale of the leasehold interests in the 468-room Doubletree Guest Suites Times Square. Leasehold — not a fee Midtown PPK.
Sunstone Hotel Investors Form 8-K, December 18, 2015 (entity sale closed that day)
Sunstone completed the sale of 100% of the membership interests in Times Square Hotel Sub, LLC, the indirect holder of the leasehold interests through which the 468-room Doubletree Guest Suites Times Square is operated, on December 18, 2015 for a contractual gross sale price of $540.0 million. Harbor PPK is $540.0 million ÷ 468 and is a leasehold number — do not apply it as a fee-simple Midtown rooms deed. The same 8-K names December 18, the 468 rooms, and that contractual hotel price. Use the $540.0 million hotel price, not the $520.574 million expected net and not the $175.0 million mortgage payoff. Buyer unnamed. Not Host’s 2022 Sheraton Times Square $373 million convention box, not RLJ’s 2021 DoubleTree Metropolitan $169.0 million tape, and not Pebblebrook’s Roger $19.0 million tape. Renaissance Harborplace and Renaissance Los Angeles Airport stay off until a filing names month, price, and keys together. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateNew YorkCompare
Public filingDec 1, 2015
Ritz-Carlton Georgetown · 86 keys · Luxury
Hersha Exhibit 99.1: $50.0 million for the 86-room Ritz-Carlton Georgetown. Georgetown Ritz-Carlton — not a Dupont Circle independent PPK.
Hersha Hospitality Trust Exhibit 99.1, February 16, 2016 (late December 2015 close)
Hersha acquired the 86-room Ritz-Carlton Georgetown in Washington, DC in late December 2015 for $50.0 million. Harbor uses the first of December rather than inventing a closing day. Harbor PPK is $50.0 million ÷ 86. Hersha rounded the same math to $581,000 per key. The same Exhibit 99.1 names late December with the 86 rooms and that hotel price, and the acquisitions paragraph names the 86 rooms and that hotel price again. Hersha’s 8.0%–8.5% unlevered yield line is Hersha’s narrative, not a second hotel price. Seller unnamed. Filing names Georgetown — Harbor will not invent a Dupont Circle lock. Hilton Garden Inn M Street stays off — that line is a contract. Hotel Oceana stays off until a filing names keys with a hotel price. 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, not Hersha’s 2015 St. Gregory Hotel $57.0 million / 155 tape, and not Hersha’s 2017 Ritz-Carlton Coconut Grove $36.0 million / 115 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateWashington, D.C.Compare
Courtyard San Diego · 245 keys · Upscale
Apple 2015 10-K table: $56.0 million for the existing 245-room Courtyard San Diego. San Diego Courtyard — not a La Jolla leasehold PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed September 1)
Apple acquired the existing 245-room Courtyard San Diego on September 1, 2015 for a $56.0 million gross purchase price. Harbor PPK is $56.0 million ÷ 245. Use the table price, not transaction costs. Seller unnamed. Table city is San Diego — Harbor will not invent a submarket. Not Pebblebrook’s 2021 Estancia La Jolla $108.0 million leasehold and not Braemar’s Hilton La Jolla Torrey Pines $165 million tape. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateSan DiegoCompare
Courtyard Burbank · 190 keys · Upscale
Apple 2015 10-K table: $54.0 million for the existing 190-room Courtyard Burbank. Burbank Courtyard — not a SpringHill take-out PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed August 11)
Apple acquired the existing 190-room Courtyard Burbank on August 11, 2015 for a $54.0 million gross purchase price. Harbor PPK is $54.0 million ÷ 190. Use the table price, not transaction costs. Seller unnamed. Not the same-year SpringHill Suites Burbank $60.0 million tape and not Hotel Amarano Burbank $72.9 million. Not Hampton Inn Cypress $19.8 million. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateLos AngelesCompare
SpringHill Suites Burbank · 170 keys · Upscale
Apple 2015 10-K table: $60.0 million for the new 170-room SpringHill Suites Burbank. Burbank SpringHill — not an Amarano boutique PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed July 13)
Apple acquired the new 170-room SpringHill Suites Burbank on July 13, 2015 for a $60.0 million gross purchase price. Harbor PPK is $60.0 million ÷ 170. Use the table price, not transaction costs. Seller unnamed. Not the same-year Courtyard Burbank $54.0 million tape and not Pebblebrook’s 2019 Hotel Amarano Burbank $72.9 million boutique. Not Hampton Inn Cypress $19.8 million. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateLos AngelesCompare
Hampton Inn Cypress · 110 keys · Upper midscale
Apple 2015 10-K table: $19.8 million for the existing 110-room Hampton Inn Cypress. Cypress Hampton — not a Burbank boutique PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed June 29)
Apple acquired the existing 110-room Hampton Inn Cypress on June 29, 2015 for a $19.8 million gross purchase price. Harbor PPK is $19.8 million ÷ 110. That math is $180,000 per key. Use the table price, not transaction costs. Seller unnamed. Table city is Cypress — Harbor will not invent a Disneyland lock. Not Hotel Amarano Burbank $72.9 million, not SpringHill Suites Burbank $60.0 million, and not Courtyard Burbank $54.0 million. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateOrange County, CaliforniaCompare
Hampton Inn Fort Lauderdale · 156 keys · Upper midscale
Apple 2015 10-K table: $23.0 million for the existing 156-room Hampton Inn Fort Lauderdale. Fort Lauderdale Hampton — not a South Beach PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed June 23)
Apple acquired the existing 156-room Hampton Inn Fort Lauderdale on June 23, 2015 for a $23.0 million gross purchase price. Harbor PPK is $23.0 million ÷ 156. Use the table price, not transaction costs. Seller unnamed. Table city is Fort Lauderdale — Harbor will not invent a Las Olas lock. Not a South Beach luxury PPK and not the 109-key Fort Lauderdale Hampton on the 2008 line. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining Courtyard + Residence Inn 2015 line stays combined. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateFort LauderdaleCompare
Hampton Inn Tupelo · 96 keys · Upper midscale
Apple Q2 2015 10-Q: approximately $2.1 million for the 96-room Hampton Inn Tupelo. Northeast Mississippi Hampton — not a Memphis convention PPK.
Apple Hospitality REIT Q2 2015 10-Q (June 1, 2015 close; price from the same paper)
Apple sold the 96-room Hampton Inn Tupelo on June 1, 2015 for a sales price of approximately $2.1 million. Harbor PPK is $2.1 million ÷ 96. The same 10-Q names June 1 and the 96 rooms in the sold table and names that hotel price in the completed-sale paragraph. Use the $2.1 million hotel price, not the $0.3 million loss. Buyer unnamed. Filing names Tupelo — Harbor will not invent an Oxford lock. The 18-hotel February 26, 2015 $206.4 million line stays combined. The 19-hotel $208.5 million 2015 sold line is the sum of that 18-hotel line plus this named Tupelo price. Apple’s 2018 Springdale Residence Inn stays off. The Columbus TownePlace plus SpringHill $10 million line stays combined. Winston-Salem Courtyard and Fort Lauderdale Hampton 2019 stay off until one paper names a calendar month, a hotel price, and keys together. The 23-hotel $234.6 million 2021 sales line stays combined. Not Apple’s 2015 Hampton Inn Fort Lauderdale $23.0 million / 156 buy. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateTupeloCompare
Public filingJun 1, 2015
St. Gregory Hotel · 155 keys · Independent / boutique
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.
Hersha Hospitality Trust Form 8-K / Q2 2015 earnings release, July 28, 2015 (June 2015 close)
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.
Open the tape →FramePacketEstimateWashington, D.C.Compare