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Residence Inn Seattle South/Renton — Apple Hospitality acquisition
$55,500,000 · $380,137/key
Apple acquired the existing 146-room Residence Inn Seattle South/Renton on October 18, 2023 for a $55.5 million gross purchase price. Harbor PPK is $55.5 million ÷ 146. Apple rounded the same math to about $380,000 per key. Use the table price, not transaction costs. Seller unnamed. Not Pebblebrook’s downtown Monaco $63.25 million or Vintage $33.7 million tapes. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed October 18)