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The Berkeley Hotel — Apple Hospitality acquisition
$6,875,000 · $125,000/key
Apple acquired the existing 55-room Berkeley Hotel on October 9, 2019 for a $6.875 million gross purchase price. Harbor PPK is $6.875 million ÷ 55. Apple rounded the same math to about $125,000 per key. Use the table price, not the $7 million 8-K round. Seller unnamed. Stay independent — Harbor will not invent a later conversion brand. Not a DC boutique PPK. The $59.291 million 2019 line is the sum of three named 10-K prices. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2019 (closed October 9)