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Two tapes · no invented prices · Homewood Suites Memphis

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.

Mar 16, 2021

Homewood Suites Memphis — Apple disposition

Homewood Suites Memphis · Memphis · 140 keys · Upscale

$9.0M

$64,286 / key

Apple Q2 2021 10-Q: approximately $9.0 million gross for the 140-room Homewood Suites Memphis. Memphis Homewood — not a Peabody palace PPK and not the Shady Grove Hampton sale.

Apple Hospitality REIT Q2 2021 10-Q (March 16, 2021 close; price from the same paper)

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
$9.0M

$64,286 / key · 140 keys

Worksheet
$16.8M

$120,331 / key · Harbor defaults

Gap
+87%

Memphis · worksheet vs tape PPK

Apple Q2 2021 10-Q: approximately $9.0 million gross for the 140-room Homewood Suites Memphis. Memphis Homewood — not a Peabody palace PPK and not the Shady Grove Hampton sale.

Apple Hospitality REIT Q2 2021 10-Q (March 16, 2021 close; price from the same paper)

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