Hotel · Metairie, Louisiana
Marriott Metairie At Lakeway
Marriott Metairie At Lakeway is financed with a $14.9M CMBS loan at 4.55% that reaches maturity on June 1, 2029, in 2 years and 7 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $14,877,248
- Original balance (same notes)
- $16,000,000
- Interest rate
- 4.55% fixed
- Originated
- May 22, 2019
- Maturity
- June 1, 2029
- Payments
- Interest only for 36 months, then amortizing
- Prepayment lockout ends
- January 31, 2029
- Master servicer
- Midland
- Originator
- MSBNA
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred June 18, 2020, returned June 2, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently March 31, 2021
- Defeasance
- None reported
The property
- Address
- 3838 N. Causeway Boulevard, Metairie, LA 70002
- Metro
- New Orleans-Metairie, LA
- Units, rooms or beds
- 220
- Built
- 1987, renovated 2015
- Value at securitization
- $24.8M (Mar 2019)
Performance
| At securitization | Latest (Jun 2026) | |
|---|---|---|
| DSCR (NOI) | 2.55x | 3.04x |
| Occupancy | 79% | 70% |
| Net operating income (annualized from 6 months) | $2.5M | $6.0M |
| Debt yield | 40.4% |
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 2019-H7 filing for the reporting period ending September 11, 2026, filed with the SEC October 2, 2026.
- Modified
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 79% when the loan was securitized to 70%.
- Net operating income is 140% above the underwritten figure ($6.0M a year against $2.5M; the latest statement covers 6 months, annualized).
- Debt service coverage moved from 2.55x at securitization to 3.04x on the latest statements.
- The most recent valuation in the filing is $16.0M (July 1, 2020), against $24.8M at securitization.
The last 12 monthly reports
| Report month | Balance | Payment status | Special servicer | DSCR | Occupancy |
|---|---|---|---|---|---|
| September 2026 | $14.9M | Current | No | 3.04x | 70% |
| August 2026 | $14.9M | Current | No | n/a | n/a |
| July 2026 | $14.9M | Current | No | n/a | n/a |
| June 2026 | $14.9M | Current | No | n/a | n/a |
| May 2026 | $15.0M | Current | No | n/a | n/a |
| April 2026 | $15.0M | Current | No | 2.76x | 69% |
| March 2026 | $15.0M | Current | No | 2.79x | 71% |
| February 2026 | $15.0M | Current | No | 2.79x | 71% |
| January 2026 | $15.1M | Current | No | 2.79x | 71% |
| December 2025 | $15.1M | Current | No | 3.96x | 74% |
| November 2025 | $15.1M | Current | No | 3.96x | 74% |
| October 2025 | $15.1M | Current | No | 3.96x | 74% |
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 June 18, 2020, returned to the master servicer June 2, 2021.
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 2019-H7 | 14 | $14,877,248 | Sep 2026 | SEC filing, October 2, 2026 |
Other New Orleans-Metairie loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Intercontinental New Orleans | New Orleans, LA | Hotel | $185.0M | 4.958% | May 2029 | n/a | n/a | Current |
| 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 |
| 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 period ending September 11, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.