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.
Marriott Chesapeake · 226 keys · Upper upscale
Apple 2016 10-K: approximately $9.9 million for the 226-room Marriott Chesapeake. Hampton Roads Marriott — not a Fairfax PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2016 (sold December 6)
Apple sold the 226-room Marriott Chesapeake on December 6, 2016 for a sale price of approximately $9.9 million. Harbor PPK is $9.9 million ÷ 226. The same 10-K names December 6, the 226 rooms, and that price. Use the $9.9 million sale price, not the impairment. Buyer unnamed. Not the 2017 Fairfax Marriott $41.5 million tape and not a Norfolk waterfront palace. The Dallas Hilton close is cited from the 2017 10-K — this 2016 paper only names that house as held for sale. The Apple Ten merger stays off. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateHampton RoadsCompare
Public filingDec 1, 2016
Ambrose Hotel · 77 keys · Independent / boutique
Hersha Exhibit 99.1: $47.5 million for the 77-room Ambrose Hotel in Santa Monica, CA. Santa Monica boutique — not a downtown Ace PPK.
Hersha Hospitality Trust Exhibit 99.1, February 22, 2017 (December 1, 2016 close)
Hersha acquired the 77-room Ambrose Hotel in Santa Monica, CA on December 1, 2016 for $47.5 million. Harbor PPK is $47.5 million ÷ 77. Hersha rounded the same math to $617,000 per key. The same Exhibit 99.1 names the completed buy, the 77 rooms, and that hotel price. Seller unnamed. Filing names Santa Monica — Harbor will not invent a Venice or Malibu lock. The October 2016 paper’s Ambrose line was a contract, not a close. 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. Pan Pacific Seattle stays off until a filing names a hotel price and keys together. Not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape, not Hersha’s 2016 Courtyard Sunnyvale $75.0 million / 145 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 →FramePacketEstimateLos AngelesCompare
Public filingOct 20, 2016
Courtyard Sunnyvale · 145 keys · Upscale
Hersha Exhibit 99.1 subsequent events: $75.0 million for the 145-room Courtyard by Marriott in Sunnyvale, CA. South Bay Courtyard — not a Union Square palace PPK.
Hersha Hospitality Trust Exhibit 99.1, October 25, 2016 (October 20, 2016 close)
Hersha acquired the 145-room Courtyard by Marriott in Sunnyvale, CA on October 20, 2016 for $75.0 million. Harbor PPK is $75.0 million ÷ 145. Hersha rounded the same math to $517,200 per key. The same subsequent-events paragraph names the completed buy, the 145 rooms, and that hotel price. Use the $75.0 million hotel price, not the $40.6 million assumed loan. Hersha’s 7.7% economic capitalization rate and 12.2x EBITDA lines are Hersha’s narrative, not a second hotel price. Seller unnamed. Filing names Sunnyvale — Harbor will not invent a San Jose or Palo Alto lock. The same paper’s Ambrose Hotel line is a contract, not a close. 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 Hersha’s 2016 Hawthorn Suites Franklin $8.9 million / 100 tape and not RLJ’s 2026 Hyatt Place Fremont / Silicon Valley $13.2 million / 151 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateSilicon Valley / East BayCompare
Public filingSep 1, 2016
Hawthorn Suites Franklin · 100 keys · Midscale
Hersha Exhibit 99.1: $8.9 million for the 100-room Hawthorn Suites in Franklin, MA. Suburban Massachusetts Hawthorn — not a Back Bay convention PPK.
Hersha Hospitality Trust Exhibit 99.1, October 25, 2016 (September 2016 close)
Hersha sold the 100-room Hawthorn Suites in Franklin, MA in September 2016 for $8.9 million. Harbor uses the first of September rather than inventing a closing day. Harbor PPK is $8.9 million ÷ 100. The same Exhibit 99.1 names the completed sale, the 100 rooms, and that hotel price. Buyer unnamed. Filing names Franklin — Harbor will not invent a Back Bay or Billerica 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 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Ashford’s 2025 Courtyard Boston Downtown $123.0 million / 315 tape, not Chatham’s Billerica Homewood $17.4 million / 147 tape, and not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateBostonCompare
Home2 Suites Atlanta · 128 keys · Upper midscale
Apple 2016 10-K: approximately $24.6 million for the new 128-room Home2 Suites Atlanta. Atlanta Home2 — not a downtown Hampton PPK.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2016 (closed July 1)
Apple acquired the newly constructed 128-room Home2 Suites Atlanta on July 1, 2016, the same day the hotel opened, for a purchase price of approximately $24.6 million. Harbor PPK is $24.6 million ÷ 128. Use that named price, not transaction costs. Seller unnamed. Table city is Atlanta — Harbor will not invent a submarket. Not the 2018 Downtown Hampton $24.0 million tape, not Perimeter Dunwoody $29.5 million, and not RLJ’s 2021 Midtown Hampton $58.0 million tape. The Apple Ten 56-hotel merger stays off. The 19-hotel $208.5 million 2015 sold pack stays combined. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateAtlantaCompare
Public filingJul 1, 2016
Envoy Hotel · 136 keys · Upper upscale
Hersha Exhibit 99.1: $112.5 million for the 136-room Envoy Hotel in Boston. Boston Envoy — not a Back Bay convention PPK.
Hersha Hospitality Trust Exhibit 99.1, October 25, 2016 (July 2016 close)
Hersha acquired the 136-room Envoy Hotel in Boston in July 2016 for $112.5 million. Harbor uses the first of July rather than inventing a closing day. Harbor PPK is $112.5 million ÷ 136. The same Exhibit 99.1 names July, the 136 rooms, and that hotel price. Seller unnamed. Filing names Boston — Harbor will not invent a Back Bay 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. The same paper’s Ambrose Hotel line is a contract, not a close. Not RLJ’s 2021 AC Hotel Boston Downtown $89.0 million / 205 tape, not Ashford’s 2025 Courtyard Boston Downtown $123.0 million / 315 tape, not Hersha’s 2016 Hawthorn Suites Franklin $8.9 million / 100 tape, and not Hersha’s 2016 Courtyard Sunnyvale $75.0 million / 145 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateBostonCompare
Public filingMar 9, 2016
Hilton Garden Inn M Street · 238 keys · Upscale
Hersha Exhibit 99.1: $106.5 million for the 238-room Hilton Garden Inn M Street. M Street Garden Inn — not a Dupont Circle independent PPK and not a Georgetown Ritz-Carlton PPK.
Hersha Hospitality Trust Exhibit 99.1, April 28, 2016 (March 9, 2016 close)
Hersha acquired the 238-room Hilton Garden Inn M Street on March 9, 2016 for $106.5 million. Harbor PPK is $106.5 million ÷ 238. The same Exhibit 99.1 names March 9, the 238 rooms, and that hotel price. Use the $106.5 million hotel price, not the 10-Q $106.597 million allocation. Seller unnamed. Filing names M Street — Harbor will not invent a Georgetown lock. The February 4 and February 16 papers’ M Street lines are contracts, not closes. 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. 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. The Cindat seven-hotel Manhattan line stays 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, and not Park’s 2020 Embassy Suites Washington DC Georgetown $90.4 million / 197 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateWashington, D.C.Compare
Public filingJan 1, 2016
Sanctuary Beach Resort · 60 keys · Upscale
Hersha Exhibit 99.1 subsequent events: $39.5 million for the 60-room Sanctuary Beach Resort in Monterey, CA. Monterey Bay inn — not a Big Sur Alila PPK.
Hersha Hospitality Trust Exhibit 99.1, February 16, 2016 (late January 2016 close)
Hersha acquired the 60-room Sanctuary Beach Resort in Monterey, CA in late January 2016 for $39.5 million. Harbor uses the first of January rather than inventing a closing day. Harbor PPK is $39.5 million ÷ 60. The same subsequent-events paragraph names late January, the 60 rooms, and that hotel price. Use the $39.5 million hotel price, not the $14.7 million assumed loan. Seller unnamed. Filing names Monterey — Harbor will not invent a Carmel lock. Hotel Oceana stays off until a filing names keys with a hotel price. Hilton Garden Inn M Street stays off — that line is a contract. 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 Host’s 2021 Alila Ventana Big Sur $150 million / 59 tape. Harbor will not invent a Post Ranch price. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateBig Sur / MontereyCompare