The following is a selected evidence ledger, not an exhaustive sales database or a statistically representative comparable set. All properties fall within the desk’s room-count focus, but their market positioning and transaction structures differ.
Price per key is the disclosed or estimated consideration divided by the stated room count. Calculations are rounded to the nearest dollar and do not add renovation expenditure, transaction costs or working capital.
| Property and market | Event date and status | Rooms | Consideration and price per key | Parties and evidence qualification |
|---|---|---|---|---|
| The Bellmoor Inn & Spa — Rehoboth Beach, DE | Acquisition announced October 8, 2026; precise closing date not supplied in the release | 79 | $31.0 million; approximately $392,405/key, calculated | Buyer: DiamondRock Hospitality. Fee-simple acquisition; company disclosure filed with the SEC. (sec.gov) |
| Hotel Maren, Curio Collection — Fort Lauderdale, FL | Acquisition announced September 3, 2026 | 141 | $47.1 million reported deed consideration; approximately $334,043/key, calculated | Buyers: Rockpoint and Newbond; seller: Magna Hospitality. Buyer release withheld financial terms. Trade reporting cautions that the deed amount may cover only real estate, not the complete business transaction. (prnewswire.com) |
| The Centennial Hotel — Concord, NH | Sale announced July 7, 2026 | 32 | Undisclosed | Buyer: Lord Hotels; seller: Sparta Properties. JLL confirmed the sale and described recent capital improvements. Useful evidence of small-property activity, but not a price comparable. (jll.com) |
| Chamberlain West Hollywood — CA | Closed May 27, 2026; announced May 28 | 115 | $43.5 million; approximately $378,261/key, calculated | Seller: Pebblebrook; buyer unnamed in its release. Consideration included preferred shares, so this was not an entirely cash-funded purchase price. (sec.gov) |
| Franciscan Inn & Suites — Santa Barbara, CA | Q1 2026 transaction; reported in the May 6 survey publication | 53 | $22.5 million estimated; $424,528/key | Buyer: Warren Resort Hotels; seller: Ed St. George. LWHA labels the survey’s pricing as estimated. (lwhospitalityadvisors.com) |
| Staypineapple Hotel Z — San Diego, CA | Q1 2026 transaction; reported in the May 6 survey publication | 96 | $25.2 million estimated; $262,500/key | Buyer entity: 521 Sixth Venture LLC; seller: Staypineapple Hotels Inc. Pricing is from LWHA’s estimated-sales table. (lwhospitalityadvisors.com) |
What acquisition price range does this sample support?
The four priced examples excluding Maren span $22.5 million–$43.5 million, or $262,500–$424,528 per key. That is a description of these selected transactions—not a national boutique hotel price range, valuation floor or recommended bidding band. Two observations are company-disclosed consideration and two are survey estimates. (sec.gov)
Maren is excluded from that comparison because its reported deed consideration may not capture the same bundle of assets. Centennial is excluded because no price was disclosed. (commercialobserver.com)
For a property-specific comparison, reconcile the interest transferred, physical condition, operating earnings, ancillary facilities, required renovation, affiliation obligations and non-cash consideration before drawing a pricing conclusion.
What is being marketed below those transaction sizes?
A public JLL listing for The Dorm Hotel in Ithaca, New York, first marketed April 17, 2026, showed a $7.0 million asking price for a 31-room hotel plus an accompanying student-housing unit when reviewed for this report. This is marketing evidence, not a confirmed sale or confirmation that the property remains available. (loopnet.com)
The additional housing component makes a simple asking-price-per-hotel-room comparison incomplete. Before using the listing as a valuation reference, request the current marketing status, allocation between uses and supporting financial statements.