Hotel · Ocean City, Maryland
Holiday Inn Express, Ocean City
Holiday Inn Express is financed with a $6.3M CMBS loan at 5.22% that reaches maturity on May 6, 2027, in 6 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $6,312,039
- Original balance (same notes)
- $7,490,000
- Interest rate
- 5.22% fixed
- Originated
- April 26, 2017
- Maturity
- May 6, 2027
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- February 5, 2027
- Master servicer
- Midland
- Originator
- Barclays
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred December 20, 2024, returned September 26, 2025
- Workout strategy
- Resolved
- Modified
- Yes, most recently June 10, 2025
- Defeasance
- None reported
The property
- Address
- 12552 Ocean Gateway Highway, Ocean City, MD 21842
- Units, rooms or beds
- 84
- Built
- 2015
- Value at securitization
- $11.3M (Feb 2017)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 1.87x | -0.12x |
| Occupancy | 57% | 45% |
| Net operating income (annualized from 6 months) | $923K | $-116K |
| Debt yield | -1.8% |
Debt yield here is the latest NOI divided by the balance held in the trusts below. If part of the loan sits outside them, the true figure is lower.
Watch flags
Computed from the Morgan Stanley Capital I Trust 2017-H1 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Matures within 12 months
- Modified
On the cmbs.news watch list in every report since June 2026.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
What the filing shows
- Occupancy has fallen from 57% when the loan was securitized to 45%.
- Net operating income is 113% below the underwritten figure ($-116K a year against $923K; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 1.87x at securitization to -0.12x on the latest statements.
- At -0.12x, the property's reported NOI does not cover its debt service.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $6.3M | Current | No | -0.12x | 45% |
| August 2026 | $6.3M | Current | No | -1.05x | 45% |
| July 2026 | $6.3M | Current | No | -1.05x | 35% |
| June 2026 | $6.4M | Current | No | -1.05x | 35% |
| May 2026 | $6.4M | Current | No | n/a | n/a |
| April 2026 | $6.4M | Current | No | 0.85x | 54% |
| March 2026 | $6.4M | Current | No | 0.85x | 54% |
| February 2026 | $6.4M | Current | No | 0.85x | 54% |
| January 2026 | $6.4M | Current | No | 1.30x | 58% |
| December 2025 | $6.4M | Current | No | 1.30x | 58% |
| November 2025 | $6.4M | Current | No | 1.30x | 58% |
| October 2025 | $6.5M | Current | No | 0.48x | 59% |
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 20, 2024, returned to the master servicer September 26, 2025.
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 |
|---|---|---|---|---|
| Morgan Stanley Capital I Trust 2017-H1 | 40 | $6,312,039 | Sep 2026 | SEC filing, October 2, 2026 |
Other Maryland loans due in 2027
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| GSK R&D Centre | Rockville, MD | Office | $138.0M | 3.945% | Jan 2027 | 7.84x | 100% | With the special servicer |
| 2U Headquarters | Lanham, MD | Office | $50.6M | 4.45% | Nov 2027 | -0.44x | n/a | With the special servicer and 90+ days delinquent |
| Bwi Airport Marriott | Linthicum Heights, MD | Hotel | $42.5M | 4.82% | Dec 2027 | 1.40x | 67% | With the special servicer and 90+ days delinquent |
| Ritchie Station Marketplace | Capitol Heights, MD | Retail | $36.5M | 4.45% | Jun 2027 | 1.48x | 100% | Current |
| Hilltop Plaza | Bowie, MD | Retail | $35.2M | 4.295% | Jul 2027 | 1.72x | 95% | Current |
| 11200 Rockville Pike | Rockville, MD | Office | $29.5M | 4.775% | Jan 2027 | 1.54x | 87% | Current |
| Airport Investment & Airport Overlook | MD | Office | $23.4M | 4.48% | Nov 2027 | 1.87x | 88% | Current |
| Andrews Manor | Camp Springs, MD | Retail | $16.6M | 4.80% | May 2027 | 1.78x | 100% | 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.