Hotel · Phoenix, Arizona
Best Western North Phoenix
Public CMBS trusts hold $6.3M of the loan on Best Western North Phoenix at 5.03% that reaches maturity on May 6, 2032, in 5 years and 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,282,093
- Original balance (same notes)
- $6,500,000
- Interest rate
- 5.03% fixed
- Originated
- April 8, 2022
- Maturity
- May 6, 2032
- Payments
- Interest only for the full term
- Master servicer
- KeyBank Real Estate Capital
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Not reported
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 9455 North Black Canyon Highway, Phoenix, AZ 85021
- Metro
- Phoenix-Mesa-Chandler, AZ
- Units, rooms or beds
- 87
- Built
- 1997, renovated 2018
- Value at securitization
- $11.1M (Mar 2022)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | n/a | 1.87x |
| Occupancy | 81% | 67% |
| Net operating income | n/a | $785K |
| Debt yield | 12.5% |
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 BENCHMARK 2022-B35 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Occupancy down 10 points or more from securitization
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 fallen from 81% when the loan was securitized to 67%.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | Not reported | No | 1.87x | 67% |
| August 2026 | $6.3M | Not reported | No | 1.87x | 78% |
| July 2026 | $6.3M | Late payment but less than 30 days delinquent | No | 1.86x | 78% |
| June 2026 | $6.3M | Late payment but less than 30 days delinquent | No | 1.86x | 67% |
| May 2026 | $6.3M | Not reported | No | 1.76x | 67% |
| April 2026 | $6.3M | Not reported | No | 1.76x | 68% |
| March 2026 | $6.3M | Not reported | No | 1.59x | 68% |
| February 2026 | $6.3M | Not reported | No | 1.59x | 67% |
| January 2026 | $6.3M | Not reported | No | 1.59x | 67% |
| December 2025 | $6.4M | Not reported | No | 1.63x | 67% |
| November 2025 | $6.4M | Not reported | No | 1.63x | 72% |
| October 2025 | $6.4M | Not reported | No | 1.63x | 72% |
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
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| BENCHMARK 2022-B35 MORTGAGE TRUST | 32 | $6,282,093 | Sep 2026 | SEC filing, September 28, 2026 |
Other Phoenix-Mesa-Chandler loans due in 2032
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| High Street | Phoenix, AZ | Mixed use | $138.4M | 5.352% | Jul 2032 | 1.21x | 91% | Current |
| The Boulders Resort | Scottsdale, AZ | Hotel | $94.3M | 5.563% | Jul 2032 | 2.43x | 69% | Current |
| West Indian School Road | Phoenix, AZ | Self storage | $86.0M | 3.628% | Jan 2032 | n/a | n/a | Current |
| Anytime Storage #58 | Apache Junction, AZ | Self storage | $34.2M | 5.79% | Oct 2032 | n/a | n/a | Current |
| Chandler Tech Center | Chandler, AZ | Office | $24.5M | 5.93% | Sep 2032 | n/a | n/a | Current |
| Home2 Suites by Hilton Phoenix Airport North | Phoenix, AZ | Hotel | $22.3M | 5.59% | Sep 2032 | n/a | n/a | Current |
| Ocotillo Plaza, Chandler | Chandler, AZ | Retail | $15.5M | 3.70% | Jan 2032 | 2.08x | 99% | Current |
| Peoria Center at Arrowhead | Peoria, AZ | Office | $14.4M | 4.03% | Jan 2032 | 2.71x | 100% | 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.