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.
Public filingSep 1, 2010
Hampton Inn Washington, D.C. · 228 keys · Upper midscale
Hersha Q3 2010 10-Q: $73.096 million for the 228-room Hampton Inn in Washington, DC. Washington Hampton Inn — not a Capitol Hill Suites PPK and not a Financial District Hampton PPK.
Hersha Hospitality Trust Form 10-Q, November 5, 2010 (September 1, 2010 close)
Hersha acquired the 228-room Hampton Inn in Washington, DC on September 1, 2010 for a total purchase price of $73.096 million. Harbor PPK is $73.096 million ÷ 228. The same 10-Q names September 1, the 228 rooms, and that hotel price. Use the $73.096 million hotel price, not the $1,188 closing-cost add-on, not the $72.988 million cash line, not the $108 thousand franchise-fee line, and not a prospectus or trade-press $73.0 million / $320,000 per key line. Seller unnamed — an unrelated third party. Filing names Washington, DC — Harbor will not invent a Massachusetts Avenue, Convention Center, or Union Station lock. Do not stitch the October 2010 424B5. The same 10-Q’s February 9, 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. The same 10-Q’s January 1, 2010 Hilton Garden Inn Glastonbury line is a remaining 52% joint-venture interest, not a hotel deed tape. Courtyard South Boston stays off as a mortgage-note purchase of a 50% joint venture. 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. 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. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2011 Capitol Hill Suites $47.5 million / 152 tape, not Hersha’s 2015 St. Gregory Hotel $57.0 million / 155 tape, not Hersha’s 2016 Hilton Garden Inn M Street $106.5 million / 238 tape, and not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateWashington, D.C.Compare
Public filingJul 1, 2010
Holiday Inn Express New Columbia · 81 keys · Upper midscale
Hersha Exhibit 99.1: $3.0 million for the 81-room Holiday Inn Express in New Columbia, Pennsylvania. New Columbia Holiday Inn Express — not a Philadelphia Westin PPK and not a Water Street Holiday Inn Express PPK.
Hersha Hospitality Trust Exhibit 99.1, August 4, 2010 (July 2010 close)
Hersha sold the 81-room Holiday Inn Express in New Columbia, PA in July 2010 for $3.0 million. Harbor uses the first of July rather than inventing a closing day. Harbor PPK is $3.0 million ÷ 81. The same subsequent-event paragraph names July, the 81 rooms, and that hotel price. Use the $3.0 million hotel price, not the 10-K $3,000 thousands figure. Hersha’s 7.7% capitalization rate and 11 times trailing twelve month Hotel EBITDA lines are Hersha’s narrative, not a second hotel price. Buyer unnamed. Filing names New Columbia, PA — Harbor will not invent a Philadelphia or Harrisburg lock. The same paper’s April 13, 2010 Courtyard South Boston line is a mortgage-note purchase of a 50% joint venture, not a hotel deed tape. The same paper’s Holiday Inn Wall Street May 2010 mention names neither a hotel price nor 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. 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. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2011 Comfort Inn West Hanover $5.25 million / 81 tape, not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, and not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateCentral PennsylvaniaCompare
Public filingMay 7, 2010
Holiday Inn Wall Street · 113 keys · Upper midscale
Hersha Q2 2010 10-Q: $34.876 million for the 113-room Holiday Inn on Wall Street, New York. Wall Street Holiday Inn — not a Water Street Holiday Inn Express PPK and not a Financial District Hampton PPK.
Hersha Hospitality Trust Form 10-Q, August 5, 2010 (May 7, 2010 close)
Hersha acquired 100% of the membership interests in Maiden Hotel LLC, the owner of the 113-room Wall Street Holiday Inn in New York, NY, on May 7, 2010 for an aggregate purchase price of approximately $34.876 million. Harbor PPK is $34.876 million ÷ 113. The same 10-Q names May 7, the 113 rooms, and that membership-interest purchase price. Use the $34.876 million hotel price, not the $151 closing-cost add-on, not the $957 thousand Common Units line, not the $7.839 million mezzanine settlement, and not a trade-press $34.8 million / $308,000 per key line. Seller unnamed — an unrelated third party. Maiden Hotel LLC is the named owner entity purchased — not a Harbor party. Filing names Wall Street, New York — Harbor will not invent a Seaport or Financial District lock. Do not stitch the August 4, 2010 Exhibit 99.1, which names May without a hotel price or keys. The same 10-Q’s February 9, 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. The same 10-Q’s January 1, 2010 Hilton Garden Inn Glastonbury line is a remaining 52% joint-venture interest, not a hotel deed tape. Courtyard South Boston stays off as a mortgage-note purchase of a 50% joint venture. 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. 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. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2011 Holiday Inn Express Water Street $36.7 million / 112 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, and not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateNew YorkCompare
Consideration not disclosedJan 1, 2010
The Pfister Hotel · 221 keys · Upper upscale
Consideration
Not disclosed
Property public site
Family landmark. Hold.
Open the tape →FramePacketEstimateMilwaukeeCompare