Richardson Renaissance
A hotel property in Richardson, Texas. Securitized in 1 CMBS deal in 2024.
$70.2MAppraised value (latest deal)
62.4%Occupancy
$5.8MUnderwritten NOI
8.3%Implied cap rate
- Address
- 900 East Lookout Drive, Richardson, TX 75082
- Property type
- Hotel · Full Service
- Year built
- 2001
- Size
- 335 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 | $70.2M | 62.4% | $5.8M | 8.3% | $1.6M | 32.1% | 4.17x | 424B |
Historical NOI reported in WFCM 2024-5C2
| Period ending | NOI |
|---|---|
| 8/31/2024 | $5.7M |
| 12/31/2023 | $5.5M |
| 12/31/2022 | $3.5M |
More CMBS properties in Texas →
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%.