Hotel · Houston, Texas
Hotel ZaZa
Public CMBS trusts hold $58.4M of the loan on Hotel ZaZa at 3.80% that reaches maturity on March 6, 2030, in 3 years and 4 months. As of the Sep 2026 and Oct 2026 servicer reports its status is current.
The loan
- Balance in tracked trusts
- $58,369,889
- Original balance (same notes)
- $60,000,000
- Interest rate
- 3.80% fixed
- Originated
- March 2, 2020
- Maturity
- March 6, 2030
- Payments
- Interest only for 60 months, then amortizing
- Prepayment premium ends
- January 5, 2030 (yield maintenance)
- Master servicer
- Midland Loan Services
- Originator
- Citi Real Estate Funding Inc.
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- Partly defeased
The property
- Address
- 5701 Main Street 5701 Fannin Street, Houston, TX 77005
- Metro
- Houston-Pasadena-The Woodlands, TX
- Units, rooms or beds
- 315
- Built
- 1925, renovated 2007
- Value at securitization
- $113.8M (Jan 2020)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.52x | 3.56x |
| Occupancy | 65% | 62% |
| Net operating income (annualized from 6 months) | $8.4M | $24.1M |
| Debt yield | 41.2% |
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 GS Mortgage Securities Trust 2020-GSA2 filing for the reporting period ending October 6, 2026, filed with the SEC October 22, 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 65% when the loan was securitized to 62%.
- Net operating income is 185% above the underwritten figure ($24.1M a year against $8.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.52x at securitization to 3.56x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| October 2026 | $19.4M | Current | No | 3.56x | 62% |
| September 2026 | $58.4M | Current | No | 3.56x | 62% |
| August 2026 | $58.5M | Current | No | 3.56x | 62% |
| July 2026 | $58.6M | Current | No | n/a | n/a |
| June 2026 | $58.7M | Current | No | n/a | n/a |
| May 2026 | $58.8M | Late payment but less than 30 days delinquent | No | n/a | n/a |
| April 2026 | $58.9M | Current | No | 3.17x | n/a |
| March 2026 | $58.9M | Current | No | 3.17x | n/a |
| February 2026 | $59.0M | Current | No | 3.17x | 57% |
| January 2026 | $59.1M | Current | No | 3.31x | 57% |
| December 2025 | $59.2M | Current | No | 3.31x | 57% |
| November 2025 | $59.3M | Current | No | 3.31x | 57% |
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
The loan is split into 3 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2020-B22 Mortgage Trust | 16 | $19,467,145 | Sep 2026 | SEC filing, October 1, 2026 |
| BENCHMARK 2021-B23 MORTGAGE TRUST | 21 | $19,467,145 | Sep 2026 | SEC filing, September 30, 2026 |
| GS Mortgage Securities Trust 2020-GSA2 | 13 | $19,435,599 | Oct 2026 | SEC filing, October 22, 2026 |
Other Houston-Pasadena-The Woodlands loans due in 2030
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| 5712 Old River | Old River Winfree, TX | Self storage | $60.0M | 5.808% | Oct 2030 | n/a | n/a | Current |
| Waterford Grove Apartments | Houston, TX | Multifamily | $60.0M | 6.567% | Mar 2030 | 0.88x | 71% | Delinquent |
| Rayford Square | Spring, TX | Retail | $57.6M | 3.595% | Jan 2030 | n/a | n/a | Current |
| Providence at Heights & Legacy at Westchase | Houston, TX | Multifamily | $50.5M | 6.36% | Jun 2030 | 1.18x | 93% | With the special servicer |
| Trails at Dominion Park | Houston, TX | Multifamily | $42.7M | 6.20% | Jan 2030 | n/a | n/a | Current |
| Chasewood Technology Park | Houston, TX | Office | $41.7M | 3.914% | Sep 2030 | 1.97x | 69% | Current |
| Haven at Bellaire | Richmond, TX | Multifamily | $41.6M | 6.262% | Oct 2030 | 1.07x | 91% | With the special servicer and 60-89 days delinquent |
| Green Caye Village | Dickinson, TX | Mixed use | $40.0M | 6.417% | Feb 2030 | 1.52x | 89% | Current |
All loans maturing in 2030 · All Houston-Pasadena-The Woodlands loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 11, 2026, October 6, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.