public_filing
Ambrose Hotel — Hersha acquisition
$47,500,000 · $616,883/key
Hersha acquired the 77-room Ambrose Hotel in Santa Monica, CA on December 1, 2016 for $47.5 million. Harbor PPK is $47.5 million ÷ 77. Hersha rounded the same math to $617,000 per key. The same Exhibit 99.1 names the completed buy, the 77 rooms, and that hotel price. Seller unnamed. Filing names Santa Monica — Harbor will not invent a Venice or Malibu lock. The October 2016 paper’s Ambrose line was a contract, not a close. 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. Pan Pacific Seattle stays off until a filing names a hotel price and keys together. Not Park’s 2019 Ace Hotel Downtown Los Angeles $117.0 million / 182 tape, not Hersha’s 2016 Courtyard Sunnyvale $75.0 million / 145 tape, and not Hersha’s 2017 Ritz-Carlton Coconut Grove $36.0 million / 115 tape. Older than the 2025–26 blotter cut.
Hersha Hospitality Trust Exhibit 99.1, February 22, 2017 (December 1, 2016 close)