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Courtyard Cleveland University Circle — Apple Hospitality acquisition
$31,000,000 · $201,299/key
Apple acquired the existing 154-room Courtyard Cleveland University Circle on June 30, 2023 for a $31.0 million gross purchase price. Harbor PPK is $31.0 million ÷ 154. Apple rounded the same math to about $201,000 per key. Use the table price, not transaction costs. Seller unnamed. Not a Cincinnati river-city PPK. Apple’s $289.75 million 2023 line is the sum of six named hotel prices plus a $9.14 million garage that is not a hotel tape. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed June 30)