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AC Hotel Portland, Maine — Apple Hospitality acquisition
$66,750,000 · $375,000/key
Apple acquired the 178-room AC Hotel in Portland, Maine on August 20, 2021 for a $66.75 million gross purchase price. Harbor PPK is $66.75 million ÷ 178. Use the table price, not transaction costs. Seller unnamed. Not Portland, Oregon, and not Pebblebrook’s Vintage Portland or Heathman tapes. The $147.9 million Maine + Greenville line is the sum of this price plus Hyatt Place Greenville $30.0 million plus Aloft Portland, Maine $51.15 million — Harbor did not invent a split. Apple’s 23-hotel $234.6 million 2021 sales line stays combined. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-Q, quarter ended September 30, 2021 (closed August 20)