Bloomberg Name: BX 2017-CQHP

Commercial Real Estate Direct Staff Report Morningstar DBRS estimates that the three Club Quarters hotels in Chicago, San Francisco, and Philadelphia that back a $240.7 million mortgage securitized through BX Trust, 2017-CQHP, would recover only $142.7 million in a liquidation. ...

The CMBS trust that holds a $240.70 million mortgage against three Club Quarters hotels in Philadelphia, Chicago, and San Francisco is closing in on taking title to the properties, which have a total of 1,050 rooms.

Commercial Real Estate Direct Staff Report Boston's Club Quarters Hotel, with 178 rooms at 161 Devonshire St., has been sold for $75 million, with Seven Hills Realty Trust providing $45 million of financing to fund the purchase. The property was ...

The hotel, at 161 Devonshire St., is one of four that served as collateral for a $273.7 million loan that was securitized through BX Mortgage Trust, 2017-CQHP. The portfolio also supports another $61.3 million of mezzanine debt. The properties have ...