Hotel · Clearwater Beach, Florida
Hilton Clearwater Beach
Public CMBS trusts hold $51.5M of the loan on Hilton Clearwater Beach at 5.13% that reaches maturity on March 6, 2028, in 16 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $51,489,934
- Original balance (same notes)
- $60,000,000
- Interest rate
- 5.13% fixed
- Originated
- February 9, 2018
- Maturity
- March 6, 2028
- Payments
- Amortizing over 30 years
- Prepayment lockout ended
- May 5, 2020
- Originator
- Column Financial, Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Modified
- Yes, most recently September 16, 2020
- Defeasance
- None reported
The property
- Address
- 400 Mandalay Avenue, Clearwater Beach, FL 33767
- Metro
- Tampa-St. Petersburg-Clearwater, FL
- Units, rooms or beds
- 418
- Built
- 1981, renovated 2015
- Value at securitization
- $199.0M (Dec 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.82x | 3.55x |
| Occupancy | 74% | 84% |
| Net operating income (annualized from 6 months) | $15.8M | $62.3M |
| Debt yield | 121.0% |
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 CSAIL 2018-CX11 Commercial Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC September 28, 2026.
- Modified
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 74% when the loan was securitized to 84%.
- Net operating income is 294% above the underwritten figure ($62.3M a year against $15.8M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.82x at securitization to 3.55x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $51.5M | Current | No | 3.55x | 84% |
| August 2026 | $51.6M | Current | No | 3.39x | 78% |
| July 2026 | $51.7M | Current | No | 3.39x | 78% |
| June 2026 | $51.8M | Current | No | n/a | n/a |
| May 2026 | $51.9M | Current | No | n/a | n/a |
| April 2026 | $52.1M | Late payment but less than 30 days delinquent | No | 2.41x | 75% |
| March 2026 | $52.1M | Current | No | 2.41x | 75% |
| February 2026 | $52.2M | Current | No | 2.87x | 81% |
| January 2026 | $52.3M | Current | No | 2.87x | 81% |
| December 2025 | $52.4M | Current | No | 3.45x | 81% |
| November 2025 | $52.5M | Current | No | 3.45x | 85% |
| October 2025 | $52.6M | Current | No | 3.45x | 85% |
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 |
|---|---|---|---|---|
| CSAIL 2018-CX11 Commercial Mortgage Trust | 2 | $51,489,934 | Sep 2026 | SEC filing, September 28, 2026 |
Other Tampa-St. Petersburg-Clearwater loans due in 2028
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Brandon Mall | Brandon, FL | Retail | $121.0M | 7.62% | Jun 2028 | 2.48x | 79% | Current |
| Hilton Clearwater Beach Resort & Spa | Clearwater Beach, FL | Hotel | $62.6M | 5.13% | Mar 2028 | 3.39x | 78% | Current |
| Woodlands Square | Oldsmar, FL | Retail | $42.3M | 4.75% | Nov 2028 | 2.08x | 86% | Current |
| Sprouts Tampa | Tampa, FL | Retail | $11.7M | 5.11% | Sep 2028 | 1.30x | 100% | Current |
| Cardinal Point at Gateway | St. Petersburg, FL | Office | $10.3M | 4.742% | Aug 2028 | 2.97x | 100% | With the special servicer and 90+ days delinquent |
| 2425 & 2433 S 86th Street | Tampa, FL | Self storage | $9.5M | 4.91% | Apr 2028 | n/a | n/a | Current |
| 2600 & 2700 South Falkenburg Road | Riverview, FL | Industrial | $9.5M | 5.119% | Sep 2028 | n/a | n/a | Current |
| Tarpon Square | Tarpon Springs, FL | Retail | $9.1M | 4.658% | Jul 2028 | 1.33x | 74% | Current |
All loans maturing in 2028 · All Tampa-St. Petersburg-Clearwater 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.