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Home2 Suites Atlanta — Apple Hospitality acquisition
$24,600,000 · $192,188/key
Apple acquired the newly constructed 128-room Home2 Suites Atlanta on July 1, 2016, the same day the hotel opened, for a purchase price of approximately $24.6 million. Harbor PPK is $24.6 million ÷ 128. Use that named price, not transaction costs. Seller unnamed. Table city is Atlanta — Harbor will not invent a submarket. Not the 2018 Downtown Hampton $24.0 million tape, not Perimeter Dunwoody $29.5 million, and not RLJ’s 2021 Midtown Hampton $58.0 million tape. The Apple Ten 56-hotel merger stays off. The 19-hotel $208.5 million 2015 sold pack stays combined. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2016 (closed July 1)