Two tapes · no invented prices · W Nashville

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.

Next to each other. Not blended. A missing price stays a question.

Tape ATape B

May 4, 2021

Four Seasons Resort Orlando — Host Hotels acquisition

Four Seasons Resort Orlando at Walt Disney World Resort · Orlando · 444 keys · Luxury

$610.0M

$1,373,874 / key

Host IR: $610 million for the 444-room Four Seasons Resort Orlando. Host’s own 2021 purchase — not an allocated slice of the 2026 sale.

News / press releaseHistorical cited · 2021 Host bought · 2021444 keys

Host Hotels & Resorts IR, February 18, 2026 (recites May 4, 2021 purchase of $610 million)

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

Open the tape Deal Frame Worksheet Market Swap sides

Mar 29, 2022

W Nashville — Xenia acquisition

W Nashville · Nashville · 346 keys · Luxury

$328.7M

$949,711 / key

Xenia 8-K Exhibit 99.1: $328.7 million for the 346-key W Nashville. Gulch W — not a Motto Nashville PPK and not a 21c PPK.

Public filingHistorical cited · 2022Issuer filing346 keys

Xenia Hotels & Resorts Form 8-K Exhibit 99.1, March 29, 2022 (closed March 29)

Historical cited · 2022 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.