public_filing
Hampton Inn Smithfield — Hersha acquisition
$12,600,000 · $124,752/key
Hersha acquired the 101-room Hampton Inn in Smithfield, Rhode Island in August 2008 for $12.6 million. Harbor uses the first of August rather than inventing a closing day. Harbor PPK is $12.6 million ÷ 101. The same Exhibit 99.1 names August, the 101 rooms, and that hotel price. Use the $12.6 million hotel price, not the August 7, 2008 8-K cash, assumed-debt, or reserve lines and not a later 10-Q allocation. Seller unnamed. Filing names Smithfield, Rhode Island — Harbor will not invent a Providence downtown lock. Do not stitch the August 7, 2008 8-K, which names August 1 and $12.6 million without keys. The same paper’s May and June Towne Place Suites Harrisburg, Sheraton Hotel JFK Airport, and Holiday Inn Express Camp Springs line stays combined at $61.8 million. The same paper’s Nu Hotel line is a development opening, not a hotel deed tape. Hampton Inn & Suites West Haven and Hilton Garden Inn Tribeca stay off as development-loan conversions. 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 2010 Hampton Inn Washington, D.C. $73.096 million / 228 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, and not Hersha’s 2008 Duane Street Hotel $24.75 million / 45 tape. Older than the 2025–26 blotter cut.
Hersha Hospitality Trust Exhibit 99.1, August 5, 2008 (August 2008 close)