Hotel · Phoenix, Arizona
Arizona Grand Resort and Spa
Public CMBS trusts hold $125.0M of the loan on Arizona Grand Resort and Spa at 5.55% that reaches maturity on August 6, 2034, in 7 years and 9 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $125,000,000
- Original balance (same notes)
- $125,000,000
- Interest rate
- 5.55% fixed
- Originated
- July 26, 2024
- Maturity
- August 6, 2034
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- GACC
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 8000 South Arizona Grand Parkway, Phoenix, AZ 85044
- Metro
- Phoenix-Mesa-Chandler, AZ
- Units, rooms or beds
- 744
- Built
- 1987, renovated 2019
- Value at securitization
- $318.8M (Jun 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 4.48x |
| Occupancy | 63% | 77% |
| Net operating income (annualized from 6 months) | n/a | $63.6M |
| Debt yield | 50.9% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2024-C63 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has risen from 63% when the loan was securitized to 77%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $125.0M | Current | No | 4.48x | 67% |
| August 2026 | $125.0M | Current | No | 4.48x | 67% |
| July 2026 | $125.0M | Current | No | 4.62x | 68% |
| June 2026 | $125.0M | Current | No | 4.62x | 68% |
| May 2026 | $125.0M | Current | No | 4.62x | 68% |
| April 2026 | $125.0M | Current | No | 4.31x | 67% |
| March 2026 | $138.4M | Current | No | 4.31x | 67% |
| February 2026 | $125.0M | Current | No | 4.48x | 67% |
| January 2026 | $125.0M | Current | No | 4.48x | 67% |
| December 2025 | $125.0M | Current | No | 4.48x | 67% |
| November 2025 | $125.0M | Current | No | 4.73x | 68% |
| October 2025 | $125.0M | Current | No | 4.73x | 68% |
From each trust's ABS-EE filing for that month. Coverage and occupancy change only when the servicer reports new statements. If one trust holding a piece of the loan skipped a month, that month's balance reads low.
Where the loan sits
The loan is split into 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BBCMS Mortgage Trust 2024-C28 | 4 | $48,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 9A | $30,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BBCMS Mortgage Trust 2024-C28 | 4A | $22,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| BMO 2024-C10 Mortgage Trust | 19 | $17,000,000 | Sep 2026 | SEC filing, October 2, 2026 |
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 9 | $8,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Union Hills Self Storage | Phoenix, AZ | Self storage | $11.2M | 6.57% | Jul 2034 | 1.23x | 71% | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.