Hotel · Philadelphia, Pennsylvania
Hilton Penn's Landing
Hilton Penn's Landing is financed with a $70.0M CMBS loan at 4.88% that reaches maturity on August 6, 2029, in 2 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
- $70,000,000
- Original balance (same notes)
- $70,000,000
- Interest rate
- 4.88% fixed
- Originated
- July 10, 2019
- Maturity
- August 6, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- May 5, 2029
- Master servicer
- Midland
- Originator
- DBR Investments Co. Limited
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred December 10, 2020, returned March 28, 2022
- Workout strategy
- Resolved
- Modified
- Yes, most recently June 5, 2020
- Defeasance
- None reported
The property
- Address
- 201 S Christopher Columbus Boulevard, Philadelphia, PA 19106
- Metro
- Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
- Rentable area
- 200,000 sq ft
- Units, rooms or beds
- 350
- Built
- 2000, renovated 2017
- Value at securitization
- $114.0M (Jun 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.52x | 1.37x |
| Occupancy | 87% | 69% |
| Net operating income (annualized from 6 months) | $8.7M | $9.6M |
| Debt yield | 13.7% |
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 CD 2019-CD8 Mortgage Trust filing for the reporting period ending September 11, 2026, filed with the SEC October 1, 2026.
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- 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 fallen from 87% when the loan was securitized to 69%.
- Net operating income is 10% above the underwritten figure ($9.6M a year against $8.7M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.52x at securitization to 1.37x on the latest statements.
- The most recent valuation in the filing is $95.4M (December 13, 2021), against $114.0M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $70.0M | Current | No | 1.37x | 69% |
| August 2026 | $70.0M | Current | No | -0.10x | 69% |
| July 2026 | $70.0M | Current | No | -0.10x | 54% |
| June 2026 | $70.0M | Current | No | -0.10x | 54% |
| May 2026 | $70.0M | Current | No | n/a | n/a |
| April 2026 | $70.0M | Current | No | 1.45x | 68% |
| March 2026 | $70.0M | Current | No | 1.45x | 68% |
| February 2026 | $70.0M | Current | No | 1.45x | 68% |
| January 2026 | $70.0M | Current | No | 1.47x | 70% |
| December 2025 | $70.0M | Current | No | 1.47x | 70% |
| November 2025 | $70.0M | Current | No | 1.29x | 66% |
| October 2025 | $70.0M | Current | No | 1.29x | 66% |
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 December 10, 2020, returned to the master servicer March 28, 2022.
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 |
|---|---|---|---|---|
| CD 2019-CD8 Mortgage Trust | 3 | $70,000,000 | Sep 2026 | SEC filing, October 1, 2026 |
Other Philadelphia-Camden-Wilmington loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Cira Square | Philadelphia, PA | Office | $135.0M | 6.851% | Jun 2029 | 2.98x | 100% | Current |
| The Piazza | Philadelphia, PA | Multifamily | $108.5M | 5.91% | Aug 2029 | 1.15x | 100% | Current |
| Duane Morris Plaza | Philadelphia, PA | Office | $105.3M | 3.844% | Nov 2029 | 1.69x | 92% | Current |
| 3001 Red Lion Road | Philadelphia, PA | Office | $91.8M | 3.379% | Nov 2029 | n/a | n/a | Current |
| Presidential City | Philadelphia, PA | Multifamily | $60.0M | 3.498% | Sep 2029 | 0.91x | 92% | Current |
| One & Olney | Philadelphia, PA | Retail | $50.0M | 3.48% | Oct 2029 | 3.09x | 99% | Current |
| 1000 Chesterbrook | Berwyn, PA | Office | $37.9M | 4.14% | Oct 2029 | 1.72x | 100% | Current |
| Global Data Center | Collegeville, PA | Other | $37.0M | 4.32% | Aug 2029 | 2.84x | 100% | Current |
All loans maturing in 2029 · All Philadelphia-Camden-Wilmington 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.