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Hampton Inn Cypress — Apple Hospitality acquisition
$19,800,000 · $180,000/key
Apple acquired the existing 110-room Hampton Inn Cypress on June 29, 2015 for a $19.8 million gross purchase price. Harbor PPK is $19.8 million ÷ 110. That math is $180,000 per key. Use the table price, not transaction costs. Seller unnamed. Table city is Cypress — Harbor will not invent a Disneyland lock. Not Hotel Amarano Burbank $72.9 million, not SpringHill Suites Burbank $60.0 million, and not Courtyard Burbank $54.0 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 June 29)