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Harborby Signalry

Two tapes · no invented prices

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 29, 2018

Andaz Maui + Grand Hyatt SF + Hyatt Regency Coconut Point — Host / Hyatt portfolio

Unlinked house · Other U.S. markets · 1423 keys · Luxury

$1.00B

$702,741 / key

Hyatt 8-K: aggregate purchase price under the three-property PSA of approximately $1.0 billion. Portfolio tape. Harbor does not split Andaz Maui from Grand Hyatt San Francisco.

Public filingHost bought · 20181423 keys

Hyatt Hotels Corporation Form 8-K, March 29, 2018

Historical cited · 2018 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeMarketSwap 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

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
$1.00B

$702,741 / key · 1423 keys

Worksheet
Pick a house

No desk hotel on this tape

Gap
—

Other U.S. markets · worksheet vs tape PPK

Hyatt 8-K: aggregate purchase price under the three-property PSA of approximately $1.0 billion. Portfolio tape. Harbor does not split Andaz Maui from Grand Hyatt San Francisco.

Public filingHost bought · 20181423 keys

Hyatt Hotels Corporation Form 8-K, March 29, 2018

Historical cited · 2018 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tapeCustom estimateCompare 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