$60 Million Hotel Portfolio Refinance

By Trevor Damyan, Commercial Mortgage Broker at Commercial Lending Solutions

A $60 million hotel portfolio refinance typically combines 4 to 10 stabilized hotels under cross-collateralized financing. Most $60M hotel portfolios fund through CMBS single-borrower, specialty hospitality lenders, or bank balance sheet.

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What a $60M Hotel Portfolio Refinance Capital Stack Looks Like

$60M hotel portfolio refinances fund as cross-collateralized senior loans, often single-borrower CMBS.

Capital Source Rate / Cost Size / LTV Notes
CMBS single-borrower 7.45 to 8.45% $60M / 60 to 70% LTV Single-borrower CMBS pool
Specialty hospitality bank 7.85 to 9.25% $60M / 55 to 65% LTV Multi-property operators
Bank balance sheet 7.85 to 9.45% $60M / 55 to 65% LTV Established hotel operators
Bridge debt fund SOFR + 475 to 700 $60M / 65 to 75% LTC Value-add or transitional

Pricing reflects active CLS CRE quote pipeline as of April 2026. Specific deal pricing depends on sponsor, property, and structure.

Who Closes a $60M Hotel Portfolio Refinance Deal

Typical $60M hotel portfolio sponsors are institutional hospitality operators with multi-property portfolios. Flag affiliation drives lender appetite.

A Real $60M Example

On a $62M refinance of a 6-hotel portfolio (1,150 rooms aggregate) of select-service properties in Sun Belt suburban markets, the sponsor financed through CMBS single-borrower at 8.05 percent fixed 7-year, 65 percent LTV ($40.3M).

Anonymized. All deal references protect borrower and lender identity.

$60M Hotel Portfolio Refinance FAQ

Single-borrower CMBS pools the entire loan from one sponsor's portfolio into a dedicated CMBS pool, providing competitive pricing and CMBS structural benefits.
Yes. Cross-collateralization typically delivers 10 to 25 basis points pricing efficiency. Release provisions allow individual property sales subject to allocated loan paydown.

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