public_filing
Duane Street Hotel — Hersha acquisition
$24,750,000 · $550,000/key
Hersha acquired the 45-room Duane Street Hotel in the Tribeca section of New York City in January 2008 for $24.75 million. Harbor uses the first of January rather than inventing a closing day. Harbor PPK is $24.75 million ÷ 45. The same Exhibit 99.1 names January, the 45 rooms, and that hotel price. Use the $24.75 million hotel price, not the $2.0 million cash line, not the $15.0 million assumed debt, and not the $7.75 million OP-unit line. Seller unnamed. Filing names Tribeca — Harbor will not invent a Financial District or Seaport lock. Do not stitch a later 10-Q allocation. The same paper’s Nu Hotel line is a development-project purchase, not an operating-hotel close. The same paper’s November 2007 Fairfield Inn Mt. Laurel plus Hampton Inn Linden line stays combined. Later Duane Street $20 million and Blue Moon $30 million lines stay off as contracts without keys. Hilton Garden Inn Tribeca stays off as a development-loan conversion. 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 February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. The May 5, 2011 paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. Courtyard South Boston stays off as a mortgage-note purchase of a 50% joint venture. Hilton Garden Inn Glastonbury stays off as a remaining 52% joint-venture interest. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2013 Hyatt Union Square $105.0 million / 178 tape, and not Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape. Older than the 2025–26 blotter cut.
Hersha Hospitality Trust Exhibit 99.1, February 27, 2008 (January 2008 close)