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AC Hotel Pittsburgh Downtown — Apple Hospitality acquisition
$34,000,000 · $253,731/key
Apple acquired the existing 134-room AC Hotel Pittsburgh Downtown on October 25, 2022 for a $34.0 million gross purchase price. Harbor PPK is $34.0 million ÷ 134. Apple rounded the same math to about $254,000 per key. Use the table price, not transaction costs. Seller unnamed. Not the Louisville AC $51.0 million tape. The $85.0 million Louisville + Pittsburgh line is the sum of two named 10-K prices. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2022 (closed October 25)