Hilton La Jolla Torrey Pines
A hotel property in La Jolla, California. Securitized in 1 CMBS deal in 2024.
$165.5MAppraised value (latest deal)
78.9%Occupancy
$18.7MUnderwritten NOI
11.3%Implied cap rate
- Address
- 10950 North Torrey Pines Road, La Jolla, CA 92037
- Property type
- Hotel · Full Service
- Year built
- 1989
- Size
- 394 Rooms
- Sponsor
- JRK Property Holdings, Inc.
- Loan purpose
- Acquisition
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2024-BNK48 | 2024-10-01 | $165.5M | 78.9% | $18.7M | 11.3% | $65.0M | 66.5% | 2.16x | 424B |
Historical NOI reported in BANK 2024-BNK48
| Period ending | NOI |
|---|---|
| 5/31/2024 | $19.4M |
| 12/31/2023 | $18.2M |
| 12/31/2022 | $18.1M |
More CMBS properties in California →
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%.