Sheraton Hotel Greensboro
A hotel property in Greensboro, North Carolina. Securitized in 1 CMBS deal in 2017.
$91.0MAppraised value (latest deal)
$10.6MUnderwritten NOI
11.6%Implied cap rate
- Address
- 3121 West Gate City Boulevard, Greensboro, NC 27407
- Property type
- Hotel · Full Service
- Year built
- 1970
- Size
- 985 Rooms
- Sponsor
- Koury Corporation
Appearances in CMBS deals
| Deal | Cut-off / filing | Appraised | Occ. | UW NOI | Cap | Loan / alloc. bal. | LTV | DSCR | Source |
|---|---|---|---|---|---|---|---|---|---|
| BANK 2017-BNK6 | 2017-07-27 | $91.0M | $10.6M | 11.6% | $29.9M | 49.3% | 2.74x | 424B |
Historical NOI reported in BANK 2017-BNK6
| Period ending | NOI |
|---|---|
| 2/28/2017 TTM | $10.7M |
| 10/31/2016 TTM | $10.3M |
More CMBS properties in North Carolina →
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%.