public_filing
Hilton Garden Inn M Street — Hersha acquisition
$106,500,000 · $447,479/key
Hersha acquired the 238-room Hilton Garden Inn M Street on March 9, 2016 for $106.5 million. Harbor PPK is $106.5 million ÷ 238. The same Exhibit 99.1 names March 9, the 238 rooms, and that hotel price. Use the $106.5 million hotel price, not the 10-Q $106.597 million allocation. Seller unnamed. Filing names M Street — Harbor will not invent a Georgetown lock. The February 4 and February 16 papers’ M Street lines are contracts, not closes. 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. 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 June 8, 2017 three Hyatt House $130.5 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. The Cindat seven-hotel Manhattan line stays combined. Not Hersha’s 2015 St. Gregory Hotel $57.0 million / 155 tape, not Hersha’s 2015 Ritz-Carlton Georgetown $50.0 million / 86 tape, and not Park’s 2020 Embassy Suites Washington DC Georgetown $90.4 million / 197 tape. Older than the 2025–26 blotter cut.
Hersha Hospitality Trust Exhibit 99.1, April 28, 2016 (March 9, 2016 close)