public_filing
Hyatt Place Chicago/Hoffman Estates — Summit disposition
$3,000,000 · $23,810/key
Summit sold the 126-guestroom Hyatt Place Chicago/Hoffman Estates in May 2023 for $3.0 million. Harbor uses the first of May rather than inventing a closing day. Harbor PPK is $3.0 million ÷ 126. Buyer unnamed. Summit’s $7.2 million foregone-capex line is Summit’s narrative, not a second price — Harbor will not add it onto the cited $3.0 million. Not a Michigan Avenue tape. Not the Lombard $10.5 million tape. Older than the 2025–26 blotter cut.
Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (May 2023 close; day unnamed)