Two tapes · no invented prices · Hilton Garden Inn Madison

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

Feb 18, 2021

Hilton Garden Inn Madison — Apple Hospitality acquisition

Hilton Garden Inn Madison · Madison · 176 keys · Upscale

$49.6M

$281,813 / key

Apple Q3 2021 10-Q table: $49.599 million gross purchase price for the 176-room Hilton Garden Inn Madison, excluding transaction costs. Rooms-focused new-build — not a Chicago Loop PPK.

Public filingHistorical cited · 2021 Apple bought · 2021176 keys

Apple Hospitality REIT Form 10-Q, quarter ended September 30, 2021 (closed February 18)

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

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.

Public filingMorning blotter · 2025–26 Sunstone sold821 keys

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.