public_filing
Hawthorn Suites Franklin — Hersha disposition
$8,900,000 · $89,000/key
Hersha sold the 100-room Hawthorn Suites in Franklin, MA in September 2016 for $8.9 million. Harbor uses the first of September rather than inventing a closing day. Harbor PPK is $8.9 million ÷ 100. The same Exhibit 99.1 names the completed sale, the 100 rooms, and that hotel price. Buyer unnamed. Filing names Franklin — Harbor will not invent a Back Bay or Billerica lock. 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 November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Ashford’s 2025 Courtyard Boston Downtown $123.0 million / 315 tape, not Chatham’s Billerica Homewood $17.4 million / 147 tape, and not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape. Older than the 2025–26 blotter cut.
Hersha Hospitality Trust Exhibit 99.1, October 25, 2016 (September 2016 close)