Hotel portfolio, 4 properties · New Orleans, Louisiana
Intercontinental New Orleans
Public CMBS trusts hold $185.0M of the loan on this portfolio at 4.958% that reaches maturity on May 1, 2029, in 2 years and 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
- $185,000,000
- Original balance (same notes)
- $185,000,000
- Interest rate
- 4.958% fixed
- Originated
- April 18, 2019
- Maturity
- May 1, 2029
- Payments
- Interest only for the full term
- Prepayment lockout ends
- January 31, 2029
- Master servicer
- Midland Loan Services
- Originator
- Societe Generale Financial Corporation and JPMorgan Chase Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 444 St. Charles Ave., New Orleans, LA 70130
- Metro
- New Orleans-Metairie, LA
- Value at securitization
- $316.6M
Performance
| At securitization | Latest | |
|---|---|---|
| DSCR (NOI) | n/a | n/a |
| Occupancy | n/a | n/a |
| Net operating income (annualized from 6 months) | $23.9M | $37.2M |
| Debt yield | 20.1% |
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 BENCHMARK 2019-B12 MORTGAGE TRUST filing for the reporting period ending September 11, 2026, filed with the SEC September 30, 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
- Net operating income is 56% above the underwritten figure ($37.2M a year against $23.9M; the latest statement covers 6 months, annualized).
Properties securing the loan
| Property | Location | Type | Occupancy | DSCR |
|---|---|---|---|---|
| Intercontinental New Orleans | New Orleans, LA | Lodging | 65% | 1.72x |
| The Double-Tree Sunrise-Sawgrass Mills | Sunrise, FL | Lodging | 78% | 2.24x |
| The Doubletree Suites Charlotte-south Park | Charlotte, NC | Lodging | 68% | 1.90x |
| The Doubletree By Hilton Hotel Raleigh - Durham Airport At Research Triangle Park | Durham, NC | Lodging | 61% | 1.64x |
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $185.0M | Current | No | 1.72x | 65% |
| August 2026 | $185.0M | Current | No | 0.94x | 60% |
| July 2026 | $185.0M | Current | No | 0.94x | 60% |
| June 2026 | $185.0M | Current | No | n/a | n/a |
| May 2026 | $185.0M | Current | No | n/a | n/a |
| April 2026 | $185.0M | Current | No | 1.21x | 61% |
| March 2026 | $185.0M | Current | No | 1.21x | 61% |
| February 2026 | $185.0M | Current | No | 1.21x | 58% |
| January 2026 | $185.0M | Current | No | 1.96x | 63% |
| December 2025 | $185.0M | Current | No | 1.96x | 63% |
| November 2025 | $185.0M | Current | No | 1.96x | 63% |
| October 2025 | $185.0M | Current | No | n/a | n/a |
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 5 notes held by different trusts. Each trust reports its own piece.
| Trust | Loan no. | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2019-B11 Mortgage Trust | 5 | $50,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| BBCMS Mortgage Trust 2019-C3 | 4 | $45,000,000 | Sep 2026 | SEC filing, September 29, 2026 |
| CSAIL 2019-C16 Commercial Mortgage Trust | 4 | $40,000,000 | Sep 2026 | SEC filing, September 28, 2026 |
| JPMCC Commercial Mortgage Securities Trust 2019-COR5 | 6 | $35,000,000 | Sep 2026 | SEC filing, September 23, 2026 |
| BENCHMARK 2019-B12 MORTGAGE TRUST | 23 | $15,000,000 | Sep 2026 | SEC filing, September 30, 2026 |
Other New Orleans-Metairie loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Elmwood Shopping Center | Elmwood, LA | Retail | $85.0M | 6.60% | Jan 2029 | 2.50x | 96% | Current |
| Doubletree New Orleans | New Orleans, LA | Hotel | $74.0M | 3.833% | Dec 2029 | 0.99x | 65% | Current |
| Pan American Life Center | New Orleans, LA | Office | $43.2M | 3.97% | Jun 2029 | 1.70x | 80% | Current |
| Victory Louisiana Real Estate Portfolio | Metairie, LA | Retail | $34.0M | 7.195% | Mar 2029 | 1.76x | 100% | Current |
| Emerald Pointe Apartments, Harvey | Harvey, LA | Multifamily | $25.0M | 3.80% | Aug 2029 | 3.07x | 94% | Current |
| Marriott Metairie At Lakeway | Metairie, LA | Hotel | $14.9M | 4.55% | Jun 2029 | 3.04x | 70% | Current |
| Hotel St. Marie - New Orleans | New Orleans, LA | Hotel | $12.2M | 4.10% | Jul 2029 | 2.42x | 75% | Current |
| DH Holmes | New Orleans, LA | Multifamily | $9.5M | 7.952% | Aug 2029 | n/a | n/a | Current |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting periods ending September 9, 2026, September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.