Hotel loans in CMBS
Public CMBS trusts hold 1,269 hotel loans with $29.4B outstanding. 5.0% of that balance is with a special servicer and 2.8% is delinquent. The median loan reports 1.90x debt service coverage today against 2.12x when it was underwritten, and 72% occupancy against 76%.
When hotel loans mature
| Maturity | Loans | Balance | Special servicing | Delinquent |
|---|---|---|---|---|
| Past due | 6 | $267.6M | $267.6M | $188.3M |
| 2026 | 36 | $868.9M | $131.9M | $37.7M |
| 2027 | 198 | $3.8B | $235.6M | $135.0M |
| 2028 | 236 | $4.9B | $434.3M | $74.4M |
| 2029 | 339 | $7.4B | $208.5M | $209.0M |
| 2030 | 174 | $5.6B | $48.3M | $48.3M |
| 2031 | 79 | $1.9B | $0 | $0 |
| Later | 201 | $4.6B | $130.3M | $127.2M |
Where they are
- New York-Newark-Jersey City $2B
- Las Vegas-Henderson-North Las Vegas $2B
- Los Angeles-Long Beach-Anaheim $1B
- Atlanta-Sandy Springs-Roswell $867M
- Dallas-Fort Worth-Arlington $809M
- Seattle-Tacoma-Bellevue $672M
- Miami-Fort Lauderdale-West Palm Beach $621M
- Phoenix-Mesa-Chandler $617M
- Philadelphia-Camden-Wilmington $615M
- Chicago-Naperville-Elgin $559M
- Washington-Arlington-Alexandria $558M
- Nashville-Davidson--Murfreesboro--Franklin $540M
- Orlando-Kissimmee-Sanford $494M
- Urban Honolulu $480M
- Detroit-Warren-Dearborn $474M
Delinquent or with the special servicer
63 loans, largest first.
| Property | Location | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|
| Starwood Hotel Portfolio | $265.0M | 5.15% | Sep 2028 | 0.93x | 63% | With the special servicer | |
| JW Marriott Chicago | Chicago, IL | $79.3M | 4.044% | Aug 2022 | 1.32x | 71% | With the special servicer |
| Hilton Cincinnati Netherland Plaza | Cincinnati, OH | $69.4M | 5.35% | Nov 2024 | n/a | n/a | Past maturity and not performing |
| Wyndham National Hotel Portfolio | $50.1M | 4.85% | Dec 2029 | 1.11x | 52% | With the special servicer and 90+ days delinquent | |
| Doubletree Grand Naniloa Hotel | Hilo, HI | $45.6M | 5.72% | Sep 2023 | 1.37x | 70% | Past maturity and not performing |
| Hilton Garden Inn Nashville Smyrna | Smyrna, TN | $42.7M | 5.00% | Aug 2028 | n/a | n/a | With the special servicer |
| Bwi Airport Marriott | Linthicum Heights, MD | $42.5M | 4.82% | Dec 2027 | 1.40x | 67% | With the special servicer and 90+ days delinquent |
| Le Meridien Hotel Dallas | Dallas, TX | $40.4M | 5.58% | Mar 2029 | 0.91x | 68% | With the special servicer and 90+ days delinquent |
| Starwood Capital Hotel Portfolio | $37.3M | 4.486% | Jun 2027 | 1.36x | 65% | With the special servicer | |
| Sixty Hotel Beverly Hills | Beverly Hills, CA | $37.0M | 6.00% | Aug 2026 | 1.47x | 74% | With the special servicer |
| Hotel Eastlund | Portland, OR | $36.7M | 4.98% | Mar 2027 | 0.75x | 65% | With the special servicer and 90+ days delinquent |
| Hyatt Regency Jersey City | Jersey City, NJ | $35.0M | 3.668% | Oct 2026 | 1.39x | 75% | With the special servicer |
| Crowne Plaza Melbourne | Melbourne, FL | $34.5M | 5.94% | Nov 2028 | 0.90x | 51% | With the special servicer |
| Norfolk Waterside Marriott | Norfolk, VA | $33.5M | 7.915% | Jun 2028 | 0.40x | 68% | With the special servicer and 90+ days delinquent |
| Ohio Hotel Portfolio | OH | $32.2M | 5.60% | Mar 2029 | 1.32x | 57% | With the special servicer and 90+ days delinquent |
| Doubletree Berkeley Marina | Berkeley, CA | $30.1M | 4.82% | Sep 2027 | -0.48x | 72% | With the special servicer |
| JAGR Hotel Portfolio | $28.9M | 5.096% | May 2024 | 0.05x | 55% | Past maturity and not performing | |
| Holiday Inn Austin-Town Lake | Austin, TX | $26.0M | 4.90% | Jun 2027 | 1.30x | 65% | With the special servicer |
| Hilton Melbourne, Melbourne (2024 maturity) | Melbourne, FL | $24.5M | 4.819% | Jun 2024 | n/a | n/a | Past maturity and not performing |
| Showboat Hotel, Atlantic City (2032 maturity) | Atlantic City, NJ | $24.0M | 7.795% | Nov 2032 | n/a | n/a | With the special servicer and 30-59 days delinquent |
| Doubletree Fort Worth | Fort Worth, TX | $23.6M | 8.345% | Jan 2035 | 1.82x | 59% | Delinquent |
| The Showboat Hotel | Atlantic City, NJ | $23.0M | 7.795% | Nov 2032 | 4.15x | 56% | With the special servicer and 30-59 days delinquent |
| Doubletree Orlando | Orlando, FL | $22.7M | 4.748% | Sep 2027 | 1.34x | 64% | With the special servicer and 60-89 days delinquent |
| Residence Inn - Chattanooga | Chattanooga, TN | $22.2M | 4.43% | Nov 2026 | n/a | n/a | With the special servicer |
| Delta Hotels By Marriott - Detroit Metro Airport | Romulus, MI | $20.5M | 4.94% | Feb 2030 | -1.34x | 26% | With the special servicer and 90+ days delinquent |
| InnVite Hospitality Portfolio | OH | $20.3M | 5.57% | Apr 2029 | 0.09x | 48% | With the special servicer and 90+ days delinquent |
| DoubleTree Grand Rapids | Grand Rapids, MI | $19.9M | 5.096% | May 2024 | n/a | n/a | Past maturity and not performing |
| Springhill Suites Newark Airport | Newark, NJ | $18.5M | 5.29% | Jul 2027 | 0.79x | 78% | With the special servicer and 90+ days delinquent |
| Doubletree Abq | Albuquerque, NM | $17.7M | 4.33% | Sep 2029 | 0.27x | 49% | With the special servicer and 90+ days delinquent |
| Doubletree By Hilton - Berkeley Marina | Berkeley, CA | $16.7M | 4.82% | Sep 2027 | n/a | n/a | With the special servicer |
| Aloft Lubbock | Lubbock, TX | $15.7M | 7.99% | Feb 2035 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Crowne Plaza at Jacksonville | Jacksonville, FL | $15.5M | 6.072% | Nov 2028 | -0.58x | 42% | With the special servicer and 30-59 days delinquent |
| Hilton Tucson East | Tucson, AZ | $15.0M | 7.606% | Sep 2035 | n/a | n/a | With the special servicer |
| Marriott Rochester Airport | Rochester, NY | $14.5M | 8.053% | Apr 2030 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Four Points Juneau | Juneau, AK | $12.1M | 5.502% | Sep 2028 | n/a | n/a | With the special servicer |
| Staybridge Suites Lubbock | Lubbock, TX | $11.6M | 8.04% | Dec 2033 | n/a | n/a | With the special servicer |
| Residence Inn By Marriott Lax | Los Angeles, CA | $11.2M | 5.419% | May 2026 | n/a | n/a | Past maturity and not performing |
| Hampton Inn & Suites - Alpharetta | Alpharetta, GA | $11.0M | 5.06% | Jan 2029 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Doubletree Rocky Mount | Rocky Mount, NC | $10.7M | 5.20% | Jun 2028 | 1.59x | 64% | Delinquent |
| Staybridge Suites - Austin Airport | Austin, TX | $10.5M | 8.12% | Nov 2028 | n/a | n/a | With the special servicer |
| Home2 Suites By Hilton - Leavenworth Downtown | Leavenworth, KS | $10.5M | 8.26% | Apr 2034 | 0.97x | 70% | With the special servicer and 90+ days delinquent |
| La Quinta Inn Berkeley | Berkeley, CA | $9.5M | 5.20% | Feb 2026 | -0.44x | n/a | Past maturity and not performing |
| Holiday Inn Kansas City | Kansas City, MO | $9.4M | 8.40% | Dec 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Holiday Inn Express & Suites Wheat Ridge | Wheat Ridge, CO | $8.8M | 4.976% | Jul 2028 | -0.58x | 65% | With the special servicer and 90+ days delinquent |
| Best Western Ohare | Rosemont, IL | $8.7M | 5.40% | Nov 2026 | 2.34x | 83% | With the special servicer and 90+ days delinquent |
| La Quinta Houston Columbus | Columbus, TX | $8.6M | 5.20% | Mar 2029 | n/a | n/a | Delinquent |
| Fairfield Inn & Suites Lubbock | Lubbock, TX | $8.3M | 4.93% | Apr 2029 | n/a | n/a | With the special servicer |
| Holiday Inn Salina | Salina, KS | $8.3M | 4.62% | Mar 2030 | 1.82x | 62% | With the special servicer and 30-59 days delinquent |
| Courtyard - Lubbock | Lubbock, TX | $8.2M | 4.64% | Aug 2026 | 3.26x | 75% | Past maturity and not performing |
| Yosemite Hotels Portfolio | Sonora, CA | $7.9M | 8.61% | May 2034 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Staybridge Suites Odessa Interstate Highway 20 | Odessa, TX | $7.9M | 5.75% | Apr 2029 | 1.91x | 75% | With the special servicer and 90+ days delinquent |
| Hampton Inn El Reno | El Reno, OK | $7.3M | 4.90% | Jul 2029 | 0.47x | 79% | With the special servicer and 90+ days delinquent |
| Hampton Inn Bowie | Bowie, MD | $7.3M | 7.23% | Oct 2032 | n/a | n/a | With the special servicer and 90+ days delinquent |
| Holiday Inn Express & Suites El Reno | El Reno, OK | $7.1M | 4.90% | Jul 2029 | 0.45x | 57% | With the special servicer and 90+ days delinquent |
| Best Western Plus Madison/huntsville | Madison, AL | $6.3M | 5.15% | Aug 2029 | -0.29x | n/a | Delinquent |
| Holiday Inn Express & Suites, Sequim | Sequim, WA | $6.3M | 5.025% | Oct 2027 | n/a | n/a | Delinquent |
| Radisson Fort Worth | Fort Worth, TX | $6.1M | 6.022% | Feb 2029 | n/a | n/a | With the special servicer |
| La Quinta Inn & Suites Lubbock South | Lubbock, TX | $5.9M | 8.38% | Aug 2033 | n/a | n/a | With the special servicer and 90+ days delinquent |
| La Quinta - College Station | College Station, TX | $5.9M | 5.947% | Nov 2028 | n/a | n/a | With the special servicer and 60-89 days delinquent |
| Canton Fields Hotel Portfolio | MI | $5.9M | 6.015% | Oct 2028 | -0.21x | 63% | With the special servicer |
| Courtyard by Marriott - Lake Charles LA | Lake Charles, LA | $5.1M | 4.08% | Feb 2030 | -2.15x | n/a | With the special servicer and 90+ days delinquent |
| Holiday Inn Express & Suites - Jackson | Jackson, MS | $5.0M | 5.66% | Feb 2027 | 0.86x | 49% | With the special servicer and 90+ days delinquent |
| Hampton Inn - South Haven | South Haven, MI | $3.2M | 5.431% | Dec 2027 | 1.98x | 54% | Delinquent |
Download every hotel loan as CSV (current month, CC BY 4.0; terms and history)
Hotel loan coming due?
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