public_filing
Westin Philadelphia — Hersha acquisition
$135,000,000 · $459,184/key
Hersha acquired the 294-room Westin Hotel in Philadelphia on June 29, 2017 for $135 million. Harbor PPK is $135 million ÷ 294. The same Exhibit 99.1 names the completed buy, the 294 rooms, and that hotel price. Seller unnamed. Filing names Philadelphia — Harbor will not invent a Rittenhouse lock. Hersha’s June 8, 2017 three Hyatt House $130.5 million line stays combined. 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 2021 four-hotel $178.5 million line and August 2022 six-pack $435.9 million stay combined. Not Pebblebrook’s 2022 Sofitel Philadelphia at Rittenhouse Square $80.0 million / 306 tape. Older than the 2025–26 blotter cut.
Hersha Hospitality Trust Q2 2017 Exhibit 99.1 (June 29, 2017 close)