public_filing
St. Gregory Hotel — Hersha acquisition
$57,000,000 · $367,742/key
Hersha acquired the 155-room St. Gregory Hotel & Suites in Washington, DC in June 2015 for $57.0 million. Harbor uses the first of June rather than inventing a closing day. Harbor PPK is $57.0 million ÷ 155. The same 8-K names June, the 155 rooms, and that hotel price. Use the $57.0 million hotel price, not the $25.8 million assumed loan. Hersha’s 7.0% economic capitalization rate and 12.9x EBITDA lines are Hersha’s narrative, not a second hotel price. Seller unnamed. Filing names Dupont Circle — Harbor will not invent a Georgetown lock. 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. Not Park’s 2020 Embassy Suites Washington DC Georgetown $90.4 million / 197 tape and not Hersha’s 2018 Hyatt House Gaithersburg $19.0 million / 140 tape. Older than the 2025–26 blotter cut.
Hersha Hospitality Trust Form 8-K / Q2 2015 earnings release, July 28, 2015 (June 2015 close)