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 filingJul 1, 2011
Comfort Inn West Hanover · 81 keys · Midscale
Hersha Exhibit 99.1: $5.25 million for the 81-room Comfort Inn in West Hanover, Pennsylvania. West Hanover Comfort Inn — not a Philadelphia Westin PPK.
Hersha Hospitality Trust Exhibit 99.1, August 3, 2011 (July 1, 2011 close)
Hersha sold the 81-room Comfort Inn in West Hanover, Pennsylvania on July 1, 2011 for $5.25 million. Harbor PPK is $5.25 million ÷ 81. The same subsequent-events paragraph names July 1, the 81 rooms, and that hotel price. Use the $5.25 million hotel price, not the $958,000 gain. Buyer unnamed. Filing names West Hanover, Pennsylvania — Harbor will not invent a Philadelphia or Harrisburg lock. The same paper’s July 22 Pearl Street line is a redevelopment close without a hotel price. 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 2010 Holiday Inn Express New Columbia $3.0 million / 81 tape, not Hersha’s 2017 Westin Philadelphia $135 million / 294 tape, not Pebblebrook’s 2022 Sofitel Philadelphia $80.0 million / 306 tape, and not Hersha’s 2016 Hawthorn Suites Franklin $8.9 million / 100 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateCentral PennsylvaniaCompare
Public filingMay 1, 2011
Courtyard Westside · 260 keys · Upscale
Hersha Exhibit 99.1: $47.5 million for the 260-room Courtyard Westside in Los Angeles. Los Angeles Courtyard Westside — not a Santa Monica boutique PPK and not a downtown Courtyard PPK.
Hersha Hospitality Trust Exhibit 99.1, August 3, 2011 (May 2011 close)
Hersha acquired the 260-room Marriott Courtyard Westside in Los Angeles in May 2011 for $47.5 million. Harbor uses the first of May rather than inventing a closing day. Harbor PPK is $47.5 million ÷ 260. Hersha rounded the same math to $182,500 per key. The same Exhibit 99.1 names May, the 260 rooms, and that hotel price. Use the $47.5 million hotel price, not the May 5, 2011 contract $47.0 million and not the 10-Q $47.148 million allocation. Seller unnamed. Filing names Los Angeles — Harbor will not invent a Culver City, Marina, or LAX lock. The May 5, 2011 paper’s Courtyard Westside line is a contract, not a close. 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 2016 Ambrose Hotel $47.5 million / 77 tape, not Sunstone’s 2019 Courtyard Los Angeles $50 million / 187 tape, not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape, and not Park’s 2022 Hilton Garden Inn LAX/El Segundo $37.5 million / 162 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateLos AngelesCompare
Public filingApr 15, 2011
Capitol Hill Suites · 152 keys · Independent / boutique
Hersha Exhibit 99.1: $47.5 million for the 152-room Capitol Hill Suites in Washington, D.C. Capitol Hill boutique — not a Georgetown Embassy PPK.
Hersha Hospitality Trust Exhibit 99.1, May 5, 2011 (April 15, 2011 close)
Hersha acquired the 152-room Capitol Hill Suites in Washington, D.C. on April 15, 2011 for $47.5 million. Harbor PPK is $47.5 million ÷ 152. Hersha rounded the same math to $310 thousand per key. The same Exhibit 99.1 names April 15, the 152 rooms, and that hotel price. Use the $47.5 million hotel price, not the $32.5 million assumed mortgage and not the 10-Q $47.754 million allocation. Seller unnamed. Filing names Capitol Hill — Harbor will not invent a Georgetown lock. The same paper’s Courtyard Westside line is a contract, not a close. 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 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 Hersha’s 2015 St. Gregory Hotel $57.0 million / 155 tape, not Hersha’s 2015 Ritz-Carlton Georgetown $50.0 million / 86 tape, not Hersha’s 2016 Hilton Garden Inn M Street $106.5 million / 238 tape, 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
Public filingMar 25, 2011
Holiday Inn Express Water Street · 112 keys · Upper midscale
Hersha Exhibit 99.1: $36.7 million for the 112-room Holiday Inn Express Water Street. Water Street Holiday Inn Express — not a Financial District Hampton PPK and not a midtown boutique PPK.
Hersha Hospitality Trust Exhibit 99.1, May 5, 2011 (March 25, 2011 close)
Hersha acquired the 112-room Holiday Inn Express Water Street on March 25, 2011 for $36.7 million. Harbor PPK is $36.7 million ÷ 112. Hersha rounded the same math to $328 thousand per key. The same Exhibit 99.1 names March 25, the 112 rooms, and that hotel price. Use the $36.7 million hotel price, not the 10-Q $38.664 million allocation. Seller unnamed. Filing names Water Street — Harbor will not invent a Seaport or Pearl Street lock. The same paper’s Courtyard Westside line is a contract, not a close. The same paper’s 32 Pearl Street $28.3 million line names a hotel price 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. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2013 Hyatt Union Square $105.0 million / 178 tape, and not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape. Older than the 2025–26 blotter cut.
Open the tape →FramePacketEstimateNew YorkCompare
Consideration not disclosedJan 1, 2011
Hotel Monteleone · 570 keys · Upper upscale
Consideration
Not disclosed
Property public site
Family-held French Quarter house. Soft brand is not a sale.
Open the tape →FramePacketEstimateNew OrleansCompare
Consideration not disclosedJan 1, 2011
The Broadmoor · 784 keys · Luxury
Consideration
Not disclosed
Property public site
Destination resort, privately held. Not a Denver downtown comp.
Open the tape →FramePacketEstimateDenverCompare