Keep the raw disclosure alongside the adjusted comparison. Use separate fields for announcement date, closing date, room count, interest acquired, consideration type, transaction expenses, debt assumed, deferred consideration and required capital.
Then record the earnings period, earnings definition, reserve treatment, operating encumbrances and whether the cited yield is trailing or stabilised. For Bellmoor and Chamberlain, retain the different periods and definitions already described above; a reported cap rate cannot be transferred to another property simply because both hotels sit within the target room range.
For every adjustment, record either the supporting document or “not established”. Do not replace unknown consideration or missing NOI with a midpoint solely to create a complete-looking price table. A smaller comparable set with disclosed limitations is more useful to the buyer than a larger list of non-comparable numbers.