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Courtyard Burbank — Apple Hospitality acquisition
$54,000,000 · $284,211/key
Apple acquired the existing 190-room Courtyard Burbank on August 11, 2015 for a $54.0 million gross purchase price. Harbor PPK is $54.0 million ÷ 190. Use the table price, not transaction costs. Seller unnamed. Not the same-year SpringHill Suites Burbank $60.0 million tape and not Hotel Amarano Burbank $72.9 million. Not Hampton Inn Cypress $19.8 million. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed August 11)