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

Jan 1, 2022

Kimpton Hotel Monaco Chicago — Xenia disposition

Kimpton Hotel Monaco Chicago · Chicago · 191 keys · Upper upscale

$36.0M

$188,482 / key

Xenia Q1 2022 10-Q: $36.0 million for the 191-room Kimpton Hotel Monaco Chicago. January 2022; day-of-month not named. Downtown Kimpton — not a Monaco Seattle PPK and not a leasehold Mag Mile PPK.

Public filingHistorical cited · 2022Issuer filing191 keys

Xenia Hotels & Resorts Form 10-Q, quarter ended March 31, 2022 (January close; day unnamed)

Historical cited · 2022 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

Jan 1, 2022

Kimpton Hotel Monaco Chicago — Xenia disposition

Kimpton Hotel Monaco Chicago · Chicago · 191 keys · Upper upscale

$36.0M

$188,482 / key

Xenia Q1 2022 10-Q: $36.0 million for the 191-room Kimpton Hotel Monaco Chicago. January 2022; day-of-month not named. Downtown Kimpton — not a Monaco Seattle PPK and not a leasehold Mag Mile PPK.

Public filingHistorical cited · 2022Issuer filing191 keys

Xenia Hotels & Resorts Form 10-Q, quarter ended March 31, 2022 (January close; day unnamed)

Historical cited · 2022 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: $36.0M
Worksheet: $56.2M
Gap: +56%

Xenia Q1 2022 10-Q: $36.0 million for the 191-room Kimpton Hotel Monaco Chicago. January 2022; day-of-month not named. Downtown Kimpton — not a Monaco Seattle PPK and not a leasehold Mag Mile PPK.

Public filingHistorical cited · 2022Issuer filing191 keys

Xenia Hotels & Resorts Form 10-Q, quarter ended March 31, 2022 (January close; day unnamed)

Historical cited · 2022 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: $36.0M
Worksheet: $56.2M
Gap: +56%

Xenia Q1 2022 10-Q: $36.0 million for the 191-room Kimpton Hotel Monaco Chicago. January 2022; day-of-month not named. Downtown Kimpton — not a Monaco Seattle PPK and not a leasehold Mag Mile PPK.

Public filingHistorical cited · 2022Issuer filing191 keys

Xenia Hotels & Resorts Form 10-Q, quarter ended March 31, 2022 (January close; day unnamed)

Historical cited · 2022 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