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Two tapes · no invented prices · Sheraton Parsippany

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.

Feb 18, 2026

Sheraton Parsippany — Host under contract

Sheraton Parsippany · Northern New Jersey · 370 keys · Upper upscale

$15.0M

$40,541 / key

Host FY2025 results: $15 million under contract, expected H1 2026. Includes $3 million of FF&E reserves Host retains. Not a closed deed. Harbor will not treat this as a sold tape until Host says it closed.

News / press release370 keys

Host Hotels & Resorts FY2025 results (under contract; expected H1 2026)

News or press — not a filing. Harbor will not invent a confidential consideration.

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
$15.0M

$40,541 / key · 370 keys

Worksheet
$44.0M

$118,906 / key · Harbor defaults

Gap
+193%

Northern New Jersey · worksheet vs tape PPK

Host FY2025 results: $15 million under contract, expected H1 2026. Includes $3 million of FF&E reserves Host retains. Not a closed deed. Harbor will not treat this as a sold tape until Host says it closed.

News / press release370 keys

Host Hotels & Resorts FY2025 results (under contract; expected H1 2026)

News or press — not a filing. Harbor will not invent a confidential consideration.

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