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Hilton Garden Inn Destin Miramar Beach — Chatham Lodging acquisition
$31,000,000 · $279,279/key
Chatham acquired the existing 111-room Hilton Garden Inn Destin Miramar Beach on March 8, 2022 for a $31.0 million purchase price. Harbor PPK is $31.0 million ÷ 111. Chatham rounded the same math to about $279,000 per key. Seller unnamed. Close day is the Q1 2022 10-Q. Not Apple’s Tampa-Brandon Homewood $18.8 million tape, not DiamondRock’s Henderson Beach Resort $112.5 million / 170 tape, and not Henderson Park Inn $27.5 million / 37. Chatham’s $80 million 2022 sales line stays combined. Older than the 2025–26 blotter cut.
Chatham Lodging Trust Form 8-K Exhibit 99.1, quarter ended March 31, 2022 (closed March 8)