Holiday Inn Express Water Street

public_filing

Holiday Inn Express Water Street — Hersha acquisition

$36,700,000 · $327,679/key

Hersha acquired the 112-room Holiday Inn Express Water Street on March 25, 2011 for $36.7 million. Harbor PPK is $36.7 million ÷ 112. Hersha rounded the same math to $328 thousand per key. The same Exhibit 99.1 names March 25, the 112 rooms, and that hotel price. Use the $36.7 million hotel price, not the 10-Q $38.664 million allocation. Seller unnamed. Filing names Water Street — Harbor will not invent a Seaport or Pearl Street lock. The same paper’s Courtyard Westside line is a contract, not a close. The same paper’s 32 Pearl Street $28.3 million line names a hotel price without keys. 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. Parrot Key stays off until one paper names 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 February 2010 Times Square Hampton, Candlewood, and Holiday Inn Express line stays combined. Holiday Inn Express 29th Street stays off as a remaining-interest buyout. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Hersha’s 2010 Holiday Inn Wall Street $34.876 million / 113 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2013 Hyatt Union Square $105.0 million / 178 tape, and not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape. Older than the 2025–26 blotter cut.