Hotel · Dallas, Texas
Crowne Plaza Dallas
Crowne Plaza Dallas is financed with a $22.9M CMBS loan at 5.50% that reaches maturity on July 4, 2027, in 8 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $22,946,610
- Original balance (same notes)
- $27,000,000
- Interest rate
- 5.50% fixed
- Originated
- June 19, 2017
- Maturity
- July 4, 2027
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- April 3, 2027
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred August 19, 2024, returned May 1, 2026
- Workout strategy
- Resolved
- Modified
- Yes, most recently October 4, 2020
- Defeasance
- None reported
The property
- Address
- 1015 Elm Street, Dallas, TX 75202
- Metro
- Dallas-Fort Worth-Arlington, TX
- Units, rooms or beds
- 292
- Built
- 1969, renovated 2016
- Value at securitization
- $45.1M (Mar 2017)
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 2.34x | -0.34x |
| Occupancy | 79% | 59% |
| Net operating income | $3.9M | $-573K |
| Debt yield | -2.5% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Wells Fargo Commercial Mortgage Trust 2017-C39 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
- Modified
On the cmbs.news watch list in all 12 monthly reports we hold (October 2025 to September 2026).
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 79% when the loan was securitized to 59%.
- Net operating income is 115% below the underwritten figure ($-573K a year against $3.9M).
- Debt service coverage moved from 2.34x at securitization to -0.34x on the latest statements.
- At -0.34x, the property's reported NOI does not cover its debt service.
- The most recent valuation in the filing is $20.5M (April 7, 2025), against $45.1M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $22.9M | Current | No | -0.34x | 59% |
| August 2026 | $23.0M | Current | No | -0.34x | 59% |
| July 2026 | $23.0M | Current | No | -0.34x | 59% |
| June 2026 | $23.0M | Current | No | -0.34x | 59% |
| May 2026 | $23.1M | Current | Yes | -0.34x | 59% |
| April 2026 | $23.1M | Current | Yes | 1.42x | 55% |
| March 2026 | $23.1M | Current | Yes | 1.42x | 55% |
| February 2026 | $23.2M | Current | Yes | 1.42x | 55% |
| January 2026 | $24.6M | Current | Yes | 1.42x | 55% |
| December 2025 | $24.6M | Current | Yes | 1.42x | 55% |
| November 2025 | $24.6M | Current | Yes | 1.42x | 55% |
| October 2025 | $24.7M | Current | Yes | 1.42x | 55% |
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.
Special-servicing history
- Transferred to the special servicer August 19, 2024, returned to the master servicer May 1, 2026.
Transfer and return dates as reported in the filings of the past year; an earlier episode shows here only if a filing in that year still reports it.
Where the loan sits
One trust holds this loan in the data.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2017-C39 | 15 | $22,946,610 | Sep 2026 | SEC filing, September 29, 2026 |
Other Dallas-Fort Worth-Arlington loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Ericsson North American HQ | Plano, TX | Office | $91.1M | 4.458% | Jan 2027 | 2.08x | 100% | Current |
| Marriott at Legacy Town Center | Plano, TX | Hotel | $69.7M | 4.21% | Nov 2027 | 3.59x | 61% | Current |
| Marriott Quorum | Dallas, TX | Hotel | $53.5M | 5.40% | Jul 2027 | 1.91x | 65% | Current |
| 8330 and 8360 LBJ Freeway | Dallas, TX | Office | $50.2M | 4.61% | Oct 2027 | n/a | n/a | Current |
| Preston Hollow | Dallas, TX | Mixed use | $48.3M | 4.74% | Aug 2027 | 1.79x | 96% | Current |
| Sheraton DFW Airport | Irving, TX | Hotel | $28.3M | 4.572% | Aug 2027 | 2.02x | 76% | Current |
| 250-290 East John Carpenter Freeway | Irving, TX | Office | $23.3M | 4.26% | Dec 2027 | 5.16x | 55% | Current |
| The Doral | Dallas, TX | Multifamily | $22.5M | 4.16% | Jul 2027 | 2.19x | 81% | Current |
All loans maturing in 2027 · All Dallas-Fort Worth-Arlington loans
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.