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Courtyard San Diego — Apple Hospitality acquisition
$56,000,000 · $228,571/key
Apple acquired the existing 245-room Courtyard San Diego on September 1, 2015 for a $56.0 million gross purchase price. Harbor PPK is $56.0 million ÷ 245. Use the table price, not transaction costs. Seller unnamed. Table city is San Diego — Harbor will not invent a submarket. Not Pebblebrook’s 2021 Estancia La Jolla $108.0 million leasehold and not Braemar’s Hilton La Jolla Torrey Pines $165 million tape. 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 September 1)