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Two tapes · no invented prices · Homewood Suites by Hilton Minneapolis-Mall of America

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.

Dec 16, 2024

Homewood Suites Minneapolis-Mall of America — Chatham disposition

Homewood Suites by Hilton Minneapolis-Mall of America · Minneapolis–Saint Paul · 144 keys · Upscale

$13.8M

$95,833 / key

Chatham 10-K: $13.8 million for Homewood Suites Minneapolis-Mall of America. Keys from Chatham’s YE 2023 table (144). Airport / mall extended-stay — not a Nicollet Mall PPK.

Public filingHistorical cited · 2024Issuer filing144 keys

Chatham Lodging Trust Form 10-K for the year ended Dec 31, 2025 (keys: YE 2023 property table)

Historical cited · 2024 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
$13.8M

$95,833 / key · 144 keys

Worksheet
$25.4M

$176,132 / key · Harbor defaults

Gap
+84%

Minneapolis–Saint Paul · worksheet vs tape PPK

Chatham 10-K: $13.8 million for Homewood Suites Minneapolis-Mall of America. Keys from Chatham’s YE 2023 table (144). Airport / mall extended-stay — not a Nicollet Mall PPK.

Public filingHistorical cited · 2024Issuer filing144 keys

Chatham Lodging Trust Form 10-K for the year ended Dec 31, 2025 (keys: YE 2023 property table)

Historical cited · 2024 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