Hotel portfolio, 5 properties · Multiple locations
Southeast Hotel Portfolio
This portfolio is financed with a $28.2M CMBS loan at 5.235% that reaches maturity on January 11, 2029, in 2 years and 2 months. As of the Sep 2026 servicer report, the latest filed for this loan, its status is current.
The loan
- Balance in tracked trusts
- $28,170,930
- Original balance (same notes)
- $70,000,000
- Interest rate
- 5.235% fixed
- Originated
- December 13, 2018
- Maturity
- January 11, 2029
- Payments
- Amortizing over 30 years
- Prepayment lockout ends
- October 10, 2028
- Master servicer
- Trimont LLC
- Originator
- Wells Fargo Bank, National Association
Status
- Payment status
- Current (code 0)
- Special servicing
- Transferred March 30, 2020, returned December 30, 2021
- Workout strategy
- Resolved
- Modified
- Yes, most recently April 11, 2020
- Defeasance
- None reported
The property
- Units, rooms or beds
- 759
- Value at securitization
- $103.1M
Performance
| At securitization | Latest (Dec 2025) | |
|---|---|---|
| DSCR (NOI) | 1.88x | 0.74x |
| Occupancy | 77% | 83% |
| Net operating income | $8.7M | $2.2M |
| Debt yield | 7.9% |
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 BANK 2019-BNK16 filing for the reporting period ending September 11, 2026, filed with the SEC September 29, 2026.
- Coverage below 1.00x
- Coverage down 0.25x or more from securitization
- NOI down 20% or more from securitization
- Modified
On the cmbs.news watch list in every report since May 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 risen from 77% when the loan was securitized to 83%.
- Net operating income is 74% below the underwritten figure ($2.2M a year against $8.7M).
- Debt service coverage moved from 1.88x at securitization to 0.74x on the latest statements.
- At 0.74x, 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 | $28.2M | Current | No | 0.74x | 83% |
| August 2026 | $28.4M | 30-59 days delinquent | No | 0.74x | 83% |
| July 2026 | $28.4M | Late payment but less than 30 days delinquent | No | 0.74x | 83% |
| June 2026 | $28.4M | Current | No | 0.74x | 83% |
| May 2026 | $28.5M | Current | No | 0.74x | 83% |
| April 2026 | $85.0M | Current | No | 3.75x | 100% |
| March 2026 | $28.6M | Current | No | 0.61x | 84% |
| February 2026 | $28.6M | Current | No | 0.61x | 84% |
| January 2026 | $28.7M | Current | No | 0.61x | 84% |
| December 2025 | $28.6M | Current | No | 0.77x | 75% |
| November 2025 | $28.8M | Current | No | 0.77x | 75% |
| October 2025 | $41.6M | Current | No | 0.77x | 75% |
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 March 30, 2020, returned to the master servicer December 30, 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 |
|---|---|---|---|---|
| BANK 2019-BNK16 | 2 | $28,170,930 | Sep 2026 | SEC filing, September 29, 2026 |
Other hotel loans due in 2029
| Property | Location | Type | Balance | Rate | Matures | DSCR | Occ. | Status |
|---|---|---|---|---|---|---|---|---|
| Bellagio Hotel and Casino | Las Vegas, NV | Hotel | $600.0M | 3.17% | Dec 2029 | 6.51x | 97% | Current |
| Intercontinental New Orleans | New Orleans, LA | Hotel | $185.0M | 4.958% | May 2029 | n/a | n/a | Current |
| Great Wolf Lodge Southern California | Garden Grove, CA | Hotel | $150.0M | 5.253% | Mar 2029 | 1.89x | 77% | Current |
| Marriott Anaheim | Anaheim, CA | Hotel | $125.0M | 6.373% | Jun 2029 | 1.23x | 73% | Current |
| Casa Cipriani | New York, NY | Hotel | $100.7M | 7.27% | Mar 2029 | 2.89x | 61% | Current |
| The Estate Yountville 2.0 | Yountville, CA | Hotel | $93.0M | 5.88% | Oct 2029 | 2.58x | 101% | Current |
| Arthouse Hotel | New York, NY | Hotel | $85.0M | 7.38% | Aug 2029 | 1.51x | 81% | Current |
| Sheraton Hotel Brooklyn | Brooklyn, NY | Hotel | $85.0M | 7.48% | Feb 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.