Marriott Monterey
A hotel property in Monterey, California. Securitized in 1 CMBS deal in 2026.
$143.2MAppraised value (latest deal)
79.7%Occupancy
$12.8MUnderwritten NOI
9.0%Implied cap rate
- Address
- 350 Calle Principal, Monterey, CA 93940
- Property type
- Hotel · Full Service
- Year built
- 1984
- Size
- 341 Rooms
- Sponsor
- San Carlos Associates
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BMO 2026-5C14 | 2026-03-10 | $143.2M | 79.7% | $12.8M | 9.0% | $50.0M | 52.4% | 2.41x | 424B |
Historical NOI reported in BMO 2026-5C14
| Period ending | NOI |
|---|---|
| 12/31/2025 | $12.2M |
| 12/31/2024 | $13.1M |
| 12/31/2023 | $13.2M |
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%.