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Harborby Signalry

Two tapes · no invented prices · Hotel Palomar Washington, DC

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 22, 2019

Hotel Palomar Washington, DC — Pebblebrook disposition

Hotel Palomar Washington, DC · Washington, D.C. · 335 keys · Upper upscale

$141.5M

$422,388 / key

Pebblebrook 8-K Exhibit 99.1: $141.5 million for the 335-room Hotel Palomar Washington, DC. Downtown Kimpton — not a Liaison PPK and not a Lafayette Square slice.

Public filingHistorical cited · 2019Issuer filing335 keys

Pebblebrook Hotel Trust Form 8-K Exhibit 99.1, February 25, 2019 (closed February 22)

Historical cited · 2019 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
$141.5M

$422,388 / key · 335 keys

Worksheet
$132.5M

$395,417 / key · Harbor defaults

Gap
-6%

Washington, D.C. · worksheet vs tape PPK

Pebblebrook 8-K Exhibit 99.1: $141.5 million for the 335-room Hotel Palomar Washington, DC. Downtown Kimpton — not a Liaison PPK and not a Lafayette Square slice.

Public filingHistorical cited · 2019Issuer filing335 keys

Pebblebrook Hotel Trust Form 8-K Exhibit 99.1, February 25, 2019 (closed February 22)

Historical cited · 2019 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