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Harborby Signalry

Two tapes · no invented prices · Aloft Portland, Maine

Next to each other. Not blended.

Pick two cited events. Harbor will not allocate a combined PSA into hotel prices. A gap is a question. Not an appraisal.

Sep 10, 2021

Aloft Portland, Maine — Apple Hospitality acquisition

Aloft Portland, Maine · Portland, Maine · 157 keys · Upscale

$51.1M

$325,796 / key

Apple Q3 2021 10-Q table: $51.15 million gross purchase price for the 157-room Maine Aloft, excluding transaction costs. Coastal Maine Aloft — not an Oregon downtown PPK.

Apple Hospitality REIT Form 10-Q, quarter ended September 30, 2021 (closed September 10)

Historical cited · 2021 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameWorksheetMarketSwap sides

Jul 30, 2026

Hyatt Regency San Francisco — Sunstone disposition

Hyatt Regency San Francisco · San Francisco · 821 keys · Upper upscale

$279.0M

$339,829 / key

Sunstone Exhibit 99.1: $279 million gross for the 821-room Hyatt Regency San Francisco. Embarcadero convention atrium — not a Nob Hill palace PPK and not the $80 million Wharf Centric.

Sunstone Hotel Investors Exhibit 99.1, August 6, 2026 (closed July 30)

Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameWorksheetMarketSwap sides

Different houses. Do not average PPK across markets or structures.

Estimate ↔ tape

The worksheet next to the filing

Cited consideration on the left. Harbor’s labeled defaults on the right. A gap is a question, not a bid. Portfolio tapes and seller paper stay footnoted. Not an appraisal.

Tape
$51.1M

$325,796 / key · 157 keys

Worksheet
$34.6M

$220,431 / key · Harbor defaults

Gap
-32%

Portland, Maine · worksheet vs tape PPK

Apple Q3 2021 10-Q table: $51.15 million gross purchase price for the 157-room Maine Aloft, excluding transaction costs. Coastal Maine Aloft — not an Oregon downtown PPK.

Apple Hospitality REIT Form 10-Q, quarter ended September 30, 2021 (closed September 10)

Historical cited · 2021 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameShock the worksheetCompare tapes

Estimate ↔ tape

The worksheet next to the filing

Cited consideration on the left. Harbor’s labeled defaults on the right. A gap is a question, not a bid. Portfolio tapes and seller paper stay footnoted. Not an appraisal.

Tape
$279.0M

$339,829 / key · 821 keys

Worksheet
$368.1M

$448,361 / key · Harbor defaults

Gap
+32%

San Francisco · worksheet vs tape PPK

Sunstone Exhibit 99.1: $279 million gross for the 821-room Hyatt Regency San Francisco. Embarcadero convention atrium — not a Nob Hill palace PPK and not the $80 million Wharf Centric.

Sunstone Hotel Investors Exhibit 99.1, August 6, 2026 (closed July 30)

Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeDeal FrameShock the worksheetCompare tapes