Embassy Suites Riverfront
A hotel property in Wilmington, North Carolina. Securitized in 1 CMBS deal in 2019.
$65.0MAppraised value (latest deal)
82.5%Occupancy
$5.3MUnderwritten NOI
8.1%Implied cap rate
- Address
- 9 Estell Lee Place, Wilmington, NC 28401
- Property type
- Hotel · Full Service
- Year built
- 2017
- Size
- 186 Rooms
- Sponsor
- Page S. Johnson, II; Mark F. Garcea
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2019-BNK21 | 2019-10-23 | $65.0M | 82.5% | $5.3M | 8.1% | $40.4M | 62.2% | 2.13x | 424B |
Historical NOI reported in BANK 2019-BNK21
| Period ending | NOI |
|---|---|
| 7/31/2019 TTM | $5.5M |
| 12/31/2018 | $4.0M |
More CMBS properties in North Carolina →
Figures are read from Annex A-1 of the trust's SEC prospectus as of the deal's cut-off date. Parsing can misread a cell; the prospectus link is the authoritative source. Implied cap rate = underwritten NOI ÷ appraised value, shown only between 2% and 20%.