Two tapes · no invented prices · Pointe Hilton Squaw Peak Resort

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

Mar 19, 2025

SpringHill Suites Indianapolis Fishers — Apple disposition

SpringHill Suites by Marriott Indianapolis Fishers · Indianapolis · 130 keys · Upscale

$12.7M

$97,692 / key

Apple Exhibit 99.1: $12.7 million for the 130-room SpringHill Suites Indianapolis Fishers. Suburban select-service — not a downtown convention PPK.

Public filingMorning blotter · 2025–26 Apple sold130 keys

Apple Hospitality REIT Exhibit 99.1, February 23, 2026 (close day from Apple’s later sold table)

Morning blotter · public filing or issuer IR. Combined PSAs stay combined. Harbor will not invent a price.

Open the tape Deal Frame Worksheet Market Swap 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.

Public filingMorning blotter · 2025–26 Sunstone sold821 keys

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 tape Deal Frame Worksheet Market Swap 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: $12.7M
Worksheet: $24.4M
Gap: +92%

Apple Exhibit 99.1: $12.7 million for the 130-room SpringHill Suites Indianapolis Fishers. Suburban select-service — not a downtown convention PPK.

Public filingMorning blotter · 2025–26 Apple sold130 keys

Apple Hospitality REIT Exhibit 99.1, February 23, 2026 (close day from Apple’s later sold table)

Morning blotter · 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: $279.0M
Worksheet: $368.1M
Gap: +32%

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.

Public filingMorning blotter · 2025–26 Sunstone sold821 keys

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 tape Deal Frame Shock the worksheet Compare tapes