Portola Hotel & Spa
A hotel property in Monterey, California. Securitized in 1 CMBS deal in 2017.
$101.4MAppraised value (latest deal)
64.8%Occupancy
$5.6MUnderwritten NOI
5.6%Implied cap rate
- Address
- 2 Portola Plaza, Monterey, CA 93940
- Property type
- Hotel · Full Service
- Year built
- 1978
- Size
- 379 Rooms
- Sponsor
- James E. Grier
- Loan purpose
- Refinance
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| DBJPM 2017-C6 | 2017-06-29 | $101.4M | 64.8% | $5.6M | 5.6% | $35.0M | 34.5% | 3.92x | 424B |
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%.