Hampton Inn Seaport — Hersha acquisition
Hampton Inn Seaport · 65 keys · Upper midscale
Consideration
$27.6M
$425k / key
Hersha Exhibit 99.1: $27.6 million for the 65-room Hampton Inn Seaport in New York City. Seaport Hampton — not a Financial District Hampton PPK.
Hersha Hospitality Trust Exhibit 99.1, May 8, 2007 (February 1, 2007 close)
Hersha acquired the 65-room Hampton Inn Seaport in New York City on February 1, 2007 for $27.6 million. Harbor PPK is $27.6 million ÷ 65. The same Exhibit 99.1 names February, the 65 rooms, and that hotel price. Use the $27.6 million hotel price, not the $19.25 million debt line and not the supplemental $27.625 million investment column. Seller unnamed. Filing names Hampton Inn Seaport in New York City — Harbor will not invent a Financial District or Pearl Street lock. Do not stitch the February 1, 2007 8-K, which names a purchase price without keys. Do not stitch a later 10-Q allocation. The same paper’s January Residence Inn Langhorne, Holiday Inn Express Chester, and Residence Inn Carlisle $34.6 million line stays combined. The same paper’s Chelsea Holiday Inn Express line stays off as a 50% operations interest. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Hampton Inn Manhattan-Chelsea stays off as a remaining-interest contract. The September 12, 2006 8-K’s Residence Inn Tyson’s Corner $20.1 million / 96 tape, Residence Inn Norwood $14.3 million / 96 tape, Holiday Inn Express Hauppauge $18.0 million / 133 tape, Hampton Inn Farmingville $21.5 million / 161 tape, and Courtyard Scranton $8.8 million / 120 tape are separately named singles already on the corpus. The same 8-K’s January 3, 2006 Mt. Laurel, Bethlehem, and Langhorne line stays combined. The same 8-K’s May 1, 2006 North Dartmouth and Franklin line stays combined. Hampton Inn Center City Philadelphia stays off as an 80% preferred-return interest. Hilton Garden Inn JFK Airport February 2006 stays off as a membership-interest buy. Holiday Inn Express Cambridge stays off — the September 12, 2006 8-K names $12.2 million without keys. The June 6 $39.5 million announcement is a contract, not this close. Do not stitch a Hotel Executive or Hotel News Resource item. Holiday Inn Express Camp Springs stays off — the June 26, 2008 8-K names $14.0 million without keys; do not stitch the $61.8 million Harrisburg, JFK, and Camp Springs line. Towne Place Suites Harrisburg stays off until one paper names month, that hotel’s price, and keys together. Sheraton JFK stays off until one paper names month, that hotel’s price, and keys together. Holiday Inn New Cumberland stays off — the October 30, 2008 8-K names the sale without a hotel price or keys. Comfort Inn North Dartmouth stays off — that house was a held-for-sale reclass and later a lender transfer, not a hotel deed tape. Holiday Inn Norwich stays off until one paper names month, that hotel’s price, and keys together — the July 1, 2007 8-K names $16.1 million without keys. 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 February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Courtyard South Boston stays off as a mortgage-note purchase of a 50% joint venture. Hilton Garden Inn Glastonbury stays off as a remaining 52% joint-venture interest. Hampton Inn & Suites West Haven and Hilton Garden Inn Tribeca stay off as development-loan conversions. Hersha’s November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 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 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, not Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape, and not Hersha’s 2008 Duane Street Hotel $24.75 million / 45 tape. Older than the 2025–26 blotter cut.