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AC Hotel Washington DC Convention Center — Apple Hospitality acquisition
$116,804,000 · $499,162/key
Apple acquired the existing 234-room AC Hotel Washington DC Convention Center on March 25, 2024 for a $116.804 million gross purchase price. Harbor PPK is $116.804 million ÷ 234. Apple rounded the same math to about $499,000 per key. Use the table price, not the $116.8 million 8-K round. Seller unnamed. Not Topaz $33.1 million, not Palomar $141.5 million, not Liaison $111.0 million, and not Xenia’s Lorien $30.0 million tape. The $196.32 million 2024 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, 2024 (closed March 25)