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SpringHill Suites Burbank — Apple Hospitality acquisition
$60,000,000 · $352,941/key
Apple acquired the new 170-room SpringHill Suites Burbank on July 13, 2015 for a $60.0 million gross purchase price. Harbor PPK is $60.0 million ÷ 170. Use the table price, not transaction costs. Seller unnamed. Not the same-year Courtyard Burbank $54.0 million tape and not Pebblebrook’s 2019 Hotel Amarano Burbank $72.9 million boutique. Not Hampton Inn Cypress $19.8 million. The $254.8 million 2015 line is the sum of seven named 10-K prices. The Syracuse adjoining 2015 line stays combined. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2015 (closed July 13)