Hotel · Kailua-Kona, Hawaii
Courtyard Marriott- King Kamehameha
Courtyard Marriott- King Kamehameha is financed with a $33.9M CMBS loan at 4.81% that reaches maturity on February 1, 2027, in 3 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $33,930,043
- Original balance (same notes)
- $40,000,000
- Interest rate
- 4.81% fixed
- Originated
- January 10, 2017
- Maturity
- February 1, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- March 31, 2019
- Prepayment premium ends
- September 30, 2026 (yield maintenance)
- Master servicer
- Midland Loan Services, A Divis
- Originator
- JPMCB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 75-5660 Palani Road, Kailua-Kona, HI 96740
- Units, rooms or beds
- 452
- Built
- 1975, renovated 2011
- Value at securitization
- $133.0M (Oct 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 3.06x | 5.40x |
| Occupancy | 85% | 74% |
| Net operating income | $7.4M | $13.4M |
| Debt yield | 39.4% |
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 JPMCC Commercial Mortgage Securities Trust 2017-JP5 filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Occupancy down 10 points or more from securitization
- Matures within 12 months
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 85% when the loan was securitized to 74%.
- Net operating income is 80% above the underwritten figure ($13.4M a year against $7.4M).
- Debt service coverage moved from 3.06x at securitization to 5.40x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $33.9M | Current | No | 5.40x | 74% |
| August 2026 | $34.0M | Current | No | 5.40x | 74% |
| July 2026 | $34.1M | Current | No | 4.79x | 73% |
| June 2026 | $34.1M | Current | No | 4.79x | 73% |
| May 2026 | $34.2M | Current | No | n/a | n/a |
| April 2026 | $34.3M | Current | No | 5.00x | 73% |
| March 2026 | $34.3M | Current | No | 5.00x | 73% |
| February 2026 | $34.4M | Current | No | 5.68x | 73% |
| January 2026 | $34.5M | Current | No | 5.68x | 73% |
| December 2025 | $34.5M | Current | No | 5.68x | 73% |
| November 2025 | $34.6M | Current | No | 5.50x | 74% |
| October 2025 | $34.7M | Current | No | 5.50x | 74% |
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 |
|---|---|---|---|---|
| JPMCC Commercial Mortgage Securities Trust 2017-JP5 | 10 | $33,930,043 | Sep 2026 | SEC filing, September 28, 2026 |
Other Hawaii loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Piilani Village | Kihei, HI | Retail | $37.5M | 4.30% | Aug 2027 | 2.30x | 88% | Current |
| Fairway Shops | Ka'anapali, HI | Retail | $8.0M | 4.08% | Aug 2027 | 3.33x | 93% | Current |
| Lawai Cannery Self-Storage | Kalaheo, HI | Self storage | $6.5M | 4.49% | Apr 2027 | 2.52x | 79% | 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.