Hotel · Jersey City, New Jersey
Hyatt Regency Jersey City
Public CMBS trusts hold $35.0M of the loan on Hyatt Regency Jersey City at 3.668% that reaches maturity on October 1, 2026, this month. As of the Sep 2026 servicer report, the latest filed for this loan, its status is with the special servicer.
The loan
- Balance in tracked trusts
- $35,000,000
- Original balance (same notes)
- $35,000,000
- Interest rate
- 3.668% fixed
- Originated
- September 14, 2016
- Maturity
- October 1, 2026
- Payments
- Interest only for the full term
- Prepayment lockout ended
- December 31, 2018
- Prepayment premium ends
- June 30, 2026
- Master servicer
- Midland
- Originator
- Prudential Mortgage Capital Company, LLC
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred August 6, 2026
- Workout strategy
- Other
- Modified
- Yes, most recently March 1, 2021
- Defeasance
- None reported
The property
- Address
- 2 Columbus Drive a.k.a 2 Exchange Place, Jersey City, NJ 7302
- Metro
- New York-Newark-Jersey City, NY-NJ
- Units, rooms or beds
- 351
- Built
- 2002, renovated 2013
- Value at securitization
- $191.0M (Jun 2016)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 4.13x | 1.39x |
| Occupancy | 86% | 75% |
| Net operating income (annualized from 6 months) | $15.4M | $10.5M |
| Debt yield | 29.9% |
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 CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P6 filing for the reporting period ending September 8, 2026, filed with the SEC September 25, 2026.
- With the special servicer
- Coverage down 0.25x or more from securitization
- Occupancy down 10 points or more from securitization
- NOI down 20% or more from securitization
- Past maturity
- Modified
On the cmbs.news watch list in every report since September 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 86% when the loan was securitized to 75%.
- Net operating income is 32% below the underwritten figure ($10.5M a year against $15.4M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 4.13x at securitization to 1.39x on the latest statements.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $35.0M | Current | Yes | 1.39x | 75% |
| August 2026 | $35.0M | Current | No | 1.39x | 75% |
| July 2026 | $35.0M | Current | No | n/a | n/a |
| June 2026 | $35.0M | Current | No | n/a | n/a |
| May 2026 | $35.0M | Current | No | n/a | n/a |
| April 2026 | $35.0M | Current | No | 1.68x | 79% |
| March 2026 | $35.0M | Current | No | 1.68x | 79% |
| February 2026 | $35.0M | Current | No | 1.68x | 79% |
| January 2026 | $35.0M | Current | No | 1.43x | 78% |
| December 2025 | $35.0M | Current | No | 1.43x | 78% |
| November 2025 | $35.0M | Current | No | 1.43x | 78% |
| October 2025 | $35.0M | Current | No | 1.03x | 73% |
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 August 6, 2026, still there.
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 |
|---|---|---|---|---|
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2016-P6 | 7 | $35,000,000 | Sep 2026 | SEC filing, September 25, 2026 |
Other New York-Newark-Jersey City loans due in 2026
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Novo Nordisk HQ | Plainsboro, NJ | Office | $210.7M | 2.838% | Nov 2026 | 4.18x | 78% | Current |
| 681 Fifth Avenue | New York, NY | Mixed use | $135.0M | 4.127% | Nov 2026 | 0.16x | 66% | With the special servicer and 90+ days delinquent |
| The Essex | New York, NY | Mixed use | $117.0M | 2.759% | Nov 2026 | n/a | n/a | Current |
| 8 Times Square & 1460 Broadway | New York, NY | Mixed use | $100.0M | 4.05% | Nov 2026 | 2.01x | 100% | With the special servicer |
| 85 Tenth Avenue | New York, NY | Mixed use | $100.0M | 3.821% | Dec 2026 | 1.91x | 89% | With the special servicer |
| 55 Prospect Street, Brooklyn (2026 maturity) | Brooklyn, NY | Office | $72.9M | 4.05% | Sep 2026 | n/a | n/a | With the special servicer |
| 101 Ludlow | New York, NY | Mixed use | $71.0M | 4.412% | Nov 2026 | 1.81x | 100% | Current |
| 20 Times Square, New York (2026 maturity), loan 1 in CSAIL 2018-CX12 Commercial Mortgage Trust | New York, NY | Other | $64.7M | 3.108% | May 2026 | 4.15x | n/a | With the special servicer |
All loans maturing in 2026 · All New York-Newark-Jersey City loans
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending September 8, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.