Hotel · Ocean City, Maryland
Holiday Inn & Suites Ocean City
Holiday Inn & Suites Ocean City is financed with a $53.0M CMBS loan at 6.845% that reaches maturity on July 11, 2034, in 7 years and 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
- $53,000,000
- Original balance (same notes)
- $53,000,000
- Interest rate
- 6.845% fixed
- Originated
- June 18, 2024
- Maturity
- July 11, 2034
- Payments
- Interest only for 60 months, then amortizing
- Prepayment lockout ends
- April 10, 2034
- Master servicer
- Trimont LLC
- Originator
- WFB
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 1701 Atlantic Avenue, Ocean City, MD 21842
- Units, rooms or beds
- 210
- Built
- 2001, renovated 2021
- Value at securitization
- $88.7M (May 2024)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.73x | 2.05x |
| Occupancy | 70% | 63% |
| Net operating income | $7.2M | $7.5M |
| Debt yield | 14.2% |
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 2024-C63 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
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 70% when the loan was securitized to 63%.
- Debt service coverage moved from 1.73x at securitization to 2.05x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $53.0M | Current | No | 2.05x | 63% |
| August 2026 | $53.0M | Current | No | 2.07x | 67% |
| July 2026 | $53.0M | Current | No | 2.07x | 67% |
| June 2026 | $53.0M | Current | No | 2.07x | 67% |
| May 2026 | $53.0M | Current | No | 2.09x | 67% |
| April 2026 | $53.0M | Current | No | 2.09x | 67% |
| March 2026 | $40.0M | Current | No | 2.88x | 90% |
| February 2026 | $53.0M | Current | No | 1.92x | 68% |
| January 2026 | $53.0M | Current | No | 1.92x | 68% |
| December 2025 | $53.0M | Current | No | 1.92x | 68% |
| November 2025 | $53.0M | Current | No | 1.92x | 68% |
| October 2025 | $53.0M | Current | No | 0.89x | 58% |
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 |
|---|---|---|---|---|
| Wells Fargo Commercial Mortgage Trust 2024-C63 | 5 | $53,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
Other Maryland loans due in 2034
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Germantown Commons | Germantown, MD | Retail | $49.0M | 5.83% | Sep 2034 | 1.83x | 94% | Current |
| MacPhail Crossing | Bel Air, MD | Retail | $11.5M | 6.493% | Jul 2034 | 1.69x | 100% | Current |
| Lowe's Timonium | Timonium, MD | Retail | $7.3M | 6.76% | Dec 2034 | 1.46x | 100% | Current |
| Fruitland Plaza | Fruitland, MD | Retail | $6.7M | 6.35% | Oct 2034 | n/a | n/a | Current |
| Sunrise Shopping Center | Oxon Hill, MD | Retail | $6.0M | 7.08% | Feb 2034 | 2.53x | 91% | Current |
| Savoy Plaza | Randallstown, MD | Retail | $5.5M | 6.982% | Nov 2034 | n/a | n/a | 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.