Two tapes · no invented prices · Renaissance Westchester

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

Oct 15, 2021

Renaissance Westchester — Sunstone disposition

Renaissance Westchester · Westchester County · 348 keys · Upper upscale

$18.8M

$54,023 / key

Sunstone Q3 2021 Exhibit 99.1: $18.8 million contractual for the 348-room Renaissance Westchester. Suburban Westchester Renaissance — not a Manhattan PPK.

Public filingHistorical cited · 2021 Sunstone sold · 2021348 keys

Sunstone Hotel Investors Exhibit 99.1, November 4, 2021 (sold October 15)

Historical cited · 2021 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

Jun 29, 2017

Westin Philadelphia — Hersha acquisition

Westin Philadelphia · Philadelphia · 294 keys · Upper upscale

$135.0M

$459,184 / key

Hersha Exhibit 99.1: $135 million for the 294-room Westin Hotel in Philadelphia. Philadelphia Westin — not a Rittenhouse Sofitel PPK.

Public filingHistorical cited · 2017Issuer filing294 keys

Hersha Hospitality Trust Q2 2017 Exhibit 99.1 (June 29, 2017 close)

Historical cited · 2017 corpus. Public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.