public_filing
Capitol Hill Suites — Hersha acquisition
$47,500,000 · $312,500/key
Hersha acquired the 152-room Capitol Hill Suites in Washington, D.C. on April 15, 2011 for $47.5 million. Harbor PPK is $47.5 million ÷ 152. Hersha rounded the same math to $310 thousand per key. The same Exhibit 99.1 names April 15, the 152 rooms, and that hotel price. Use the $47.5 million hotel price, not the $32.5 million assumed mortgage and not the 10-Q $47.754 million allocation. Seller unnamed. Filing names Capitol Hill — Harbor will not invent a Georgetown lock. The same paper’s Courtyard Westside line is a contract, not a close. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. 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. Not Hersha’s 2015 St. Gregory Hotel $57.0 million / 155 tape, not Hersha’s 2015 Ritz-Carlton Georgetown $50.0 million / 86 tape, not Hersha’s 2016 Hilton Garden Inn M Street $106.5 million / 238 tape, not Park’s 2020 Embassy Suites Washington DC Georgetown $90.4 million / 197 tape, and not Hersha’s 2018 Hyatt House Gaithersburg $19.0 million / 140 tape. Older than the 2025–26 blotter cut.
Hersha Hospitality Trust Exhibit 99.1, May 5, 2011 (April 15, 2011 close)