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Hilton Garden Inn Memphis — Apple Hospitality acquisition
$38,000,000 · $253,333/key
Apple acquired the existing 150-room Hilton Garden Inn in Memphis on October 28, 2021 for a gross purchase price of approximately $38.0 million. Harbor PPK is $38.0 million ÷ 150. Use that subsequent-event price, not transaction costs. Seller unnamed. Not The Peabody. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-Q, quarter ended September 30, 2021 (subsequent event; closed October 28)