public_filing
Hampton Inn & Suites Portland Pearl District — Apple Hospitality acquisition
$75,000,000 · $308,642/key
Apple acquired the existing 243-room Hampton Inn & Suites Portland Pearl District on November 17, 2021 for a $75.0 million purchase price. Harbor PPK is $75.0 million ÷ 243. Apple rounded the same math to about $309,000 per key. Seller unnamed. Not Portland, Maine, not Vintage Portland $32.9 million, and not The Heathman $45.0 million. The $126.0 million Fort Worth + Pearl line is the sum of three named 8-K prices. Apple’s 23-hotel $234.6 million 2021 sales line stays combined. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 8-K Exhibit 99.1, November 18, 2021 (closed November 17)