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SpringHill Suites Las Vegas Convention Center — Apple Hospitality acquisition
$75,000,000 · $250,836/key
Apple acquired the existing 299-room SpringHill Suites Las Vegas Convention Center on December 27, 2023 for a $75.0 million gross purchase price. Harbor PPK is $75.0 million ÷ 299. Apple rounded the same math to about $251,000 per key. Use the table price, not transaction costs. Seller unnamed. Rooms-focused — not a Strip palace PPK. Apple’s $289.75 million 2023 line is the sum of six named hotel prices plus a $9.14 million garage that is not a hotel tape. Older than the 2025–26 blotter cut.
Apple Hospitality REIT Form 10-K for the year ended December 31, 2023 (closed December 27)