public_filing
Hyatt Place Chicago/Lombard — Summit disposition
$10,500,000 · $69,536/key
Summit sold the 151-guestroom Hyatt Place Chicago/Lombard in May 2023 for $10.5 million. Harbor uses the first of May rather than inventing a closing day. Harbor PPK is $10.5 million ÷ 151. Buyer unnamed. Summit’s $5.7 million foregone-capex line is Summit’s narrative, not a second price. Not a Michigan Avenue tape. Not the Hoffman Estates $3.0 million tape. The New Orleans Convention Center $73 million pair stays off this row. Older than the 2025–26 blotter cut.
Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (May 2023 close; day unnamed)