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.

Next to each other. Not blended. A missing price stays a question.

Tape ATape B

May 1, 2023

Hyatt Place Chicago/Lombard — Summit disposition

Hyatt Place Chicago/Lombard · Chicago · 151 keys · Upscale

$10.5M

$69,536 / key

Summit Exhibit 99.1 sold table: $10.5 million for the 151-guestroom Hyatt Place Chicago/Lombard. May 2023; day-of-month not named. West-suburban select-service — not a Michigan Avenue PPK.

Public filingHistorical cited · 2023Issuer filing151 keys

Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (May 2023 close; day unnamed)

Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tape Deal Frame Worksheet Market Swap sides

May 1, 2023

Hyatt Place Chicago/Lombard — Summit disposition

Hyatt Place Chicago/Lombard · Chicago · 151 keys · Upscale

$10.5M

$69,536 / key

Summit Exhibit 99.1 sold table: $10.5 million for the 151-guestroom Hyatt Place Chicago/Lombard. May 2023; day-of-month not named. West-suburban select-service — not a Michigan Avenue PPK.

Public filingHistorical cited · 2023Issuer filing151 keys

Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (May 2023 close; day unnamed)

Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tape Deal Frame Worksheet Market Swap 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: $10.5M
Worksheet: $24.4M
Gap: +132%

Summit Exhibit 99.1 sold table: $10.5 million for the 151-guestroom Hyatt Place Chicago/Lombard. May 2023; day-of-month not named. West-suburban select-service — not a Michigan Avenue PPK.

Public filingHistorical cited · 2023Issuer filing151 keys

Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (May 2023 close; day unnamed)

Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tape Deal Frame Shock the worksheet Compare 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: $10.5M
Worksheet: $24.4M
Gap: +132%

Summit Exhibit 99.1 sold table: $10.5 million for the 151-guestroom Hyatt Place Chicago/Lombard. May 2023; day-of-month not named. West-suburban select-service — not a Michigan Avenue PPK.

Public filingHistorical cited · 2023Issuer filing151 keys

Summit Hotel Properties Exhibit 99.1, year ended Dec 31, 2024 (May 2023 close; day unnamed)

Historical cited · 2023 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tape Deal Frame Shock the worksheet Compare tapes