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Hyatt House Salt Lake City/Downtown — Apple Hospitality acquisition
$34,250,000 · $215,409/key
Apple acquired the existing 159-room Hyatt House Salt Lake City/Downtown on October 11, 2023 for a $34.25 million gross purchase price. Harbor PPK is $34.25 million ÷ 159. Apple rounded the same math to about $215,000 per key. Use the table price, not the $34.3 million 8-K round. Seller unnamed. Adjacent to the Courtyard. Not the South Jordan Embassy $36.75 million tape. The $9.14 million garage is not a hotel tape. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed October 11)