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Hilton Garden Inn Fort Worth Medical Center — Apple Hospitality acquisition
$29,500,000 · $187,898/key
Apple acquired the existing 157-room Hilton Garden Inn Fort Worth Medical Center on November 17, 2021 for a $29.5 million purchase price. Harbor PPK is $29.5 million ÷ 157. Apple rounded the same math to about $188,000 per key. Seller unnamed. Not Xenia’s Fairmont Dallas $111.0 million tape and not a Plano Hyatt Place. The $126.0 million Fort Worth + Pearl line is the sum of this price plus Homewood Suites Fort Worth Medical Center $21.5 million plus Hampton Inn & Suites Pearl District $75.0 million — Harbor did not invent a split. 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)