public_filing
Homewood Suites Memphis — Apple disposition
$9,000,000 · $64,286/key
Apple sold the 140-room Homewood Suites Memphis on March 16, 2021 for a gross sales price of approximately $9.0 million. Harbor PPK is $9.0 million ÷ 140. The same 10-Q names the 140 rooms and that hotel price, and dates the close to March 16. Buyer unnamed. Filing names Memphis — Harbor will not invent a Germantown lock. Use the $9.0 million hotel price, not the $4.4 million 2020 impairment. The Q1 2021 Charlotte plus Memphis $18.3 million line stays combined. Apple’s 2018 Springdale Residence Inn stays off. The Columbus TownePlace plus SpringHill $10 million line stays combined. The 23-hotel $234.6 million 2021 sales line stays combined. Not Apple’s 2018 Hampton Inn & Suites Memphis $39.0 million / 144 buy and not Park’s 2022 Hampton Inn & Suites Memphis – Shady Grove $11.5 million / 131 tape. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Q2 2021 10-Q (March 16, 2021 close; price from the same paper)