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Hilton Garden Inn Madison — Apple Hospitality acquisition
$49,599,000 · $281,813/key
Apple acquired the 176-room Hilton Garden Inn Madison on February 18, 2021 for a $49.599 million gross purchase price. Harbor PPK is $49.599 million ÷ 176. Use the table price, not transaction costs and not the $49.6 million MD&A round. Construction finished that February. Seller unnamed. Not a Chicago Loop PPK. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-Q, quarter ended September 30, 2021 (closed February 18)