Hilton Long Beach
A hotel property in Long Beach, California. Securitized in 1 CMBS deal in 2024.
$118.1MAppraised value (latest deal)
83.0%Occupancy
$8.4MUnderwritten NOI
7.1%Implied cap rate
- Address
- 701 West Ocean Boulevard, Long Beach, CA 90831
- Property type
- Hotel · Full Service
- Year built
- 1992
- Size
- 399 Rooms
- Sponsor
- Atrium Holding Company
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| WFCM 2024-5C2 | 2024-11-19 | $118.1M | 83.0% | $8.4M | 7.1% | $2.5M | 32.1% | 4.17x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 8/31/2024 | $8.3M |
| 12/31/2023 | $8.5M |
| 12/31/2022 | $5.8M |
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%.