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CarrAmerica Secures $99 Million Refinance Loan From Morgan Stanley For InterContinental Hotel In Washington D.C
FINANCED
Hotel
Financed 02/05/2026
FINANCED
CarrAmerica Secures $99 Million Refinance Loan From Morgan Stanley For InterContinental Hotel In Washington D.C
801 Wharf Street Southwest
See Similar DealsHotel
Financed 02/05/2026
Summary
Asset Type:Hotel
Transaction Type:Loan
The asset involved is the InterContinental Washington D.C. — The Wharf, a hotel located at 801 Wharf Street Southwest in Washington, DC. This property consists of 278 keys and was developed in 2017 as part of the Wharf redevelopment project.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $99,000,000
- Lender: Morgan Stanley
- Landlord: Oliver Carr Jr. - CarrAmerica
- Loan Type: Refinance
- Brokers: Jordan (Jordy) Roeschlaub - Derby Lane Partners, Nick Scribani, Tyler Dumon & Tate Keir - Newmark
This refinancing deal enables CarrAmerica to secure a substantial loan, facilitating further financial strategies for the property and enhancing its operational capacity in the competitive hotel market.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$99,000,000.00
Monthly NOI$660,000.00
Monthly Debt Service$625,747.34
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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