Hyatt Union Square

public_filing

Hyatt Union Square — Hersha acquisition

$105,000,000 · $589,888/key

Hersha acquired the 178-room Hyatt Union Square in April 2013 for $105.0 million total consideration. Harbor uses the first of April rather than inventing a closing day. Harbor PPK is $105.0 million ÷ 178. Hersha rounded the same math to approximately $590,000 per key. The same Exhibit 99.1 names April, the 178 rooms, and that hotel consideration. Use the $105.0 million named consideration, not the $55.0 million new mortgage. Seller unnamed. Filing names Union Square — Harbor will not invent a Times Square or Financial District lock. The same paper’s Courtyard Warwick 66.7% interest stays off. Hotel Oceana stays off until a filing names keys with a hotel price. TownePlace Suites Sunnyvale stays off until one paper names a calendar month, a hotel price, and keys together. Parrot Key stays off until one paper names month, a hotel price, and keys together. Holiday Inn Express Chester stays off until a filing names a calendar month, a hotel price, and keys together. Hyatt Place King of Prussia stays off until one paper names month, a hotel price, and keys together. Hersha’s November 2016 Residence Inn Framingham plus Residence Inn Norwood $47.0 million line stays combined. Hersha’s January 2017 Courtyard Alexandria plus Residence Inn Greenbelt $62.0 million line stays combined. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. Hersha’s 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. The Cindat seven-hotel Manhattan line stays combined. Not Hersha’s 2014 Hotel 373 $37.0 million / 70 tape, not Hersha’s 2018 Hampton Inn Financial District $32.4 million / 81 tape, not Sunstone’s 2015 Doubletree Guest Suites Times Square $540.0 million / 468 tape, and not Host’s 2022 Sheraton Times Square $373 million convention box. Older than the 2025–26 blotter cut.