facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Pennsylvania

/

Hotel

/

Loan

/

120 South 17th Street

Updated Aug 27, 2026

Simmons Bank Provides $57 Million Refinance For Sofitel Hotel Philadelphia With Clearview Hotel Capital
FINANCEDHotel

Simmons Bank Provides $57 Million Refinance For Sofitel Hotel Philadelphia With Clearview Hotel Capital

120 South 17th Street

$57,000,000

Building Size

Asset Type

Hotel

Closing

Aug 26, 2026

About this deal

AI

The asset involved in this transaction is a hotel located at 120 South 17th Street, Philadelphia, PA. The property, known as the Sofitel Philadelphia at Rittenhouse Square, comprises 306 keys and is a 13-story luxury hotel. Since 2011, the hotel has seen capital improvements totaling $26 million.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $57,000,000
  • Lender: Simmons Bank
  • Landlord: Clearview Hotel Capital
  • Broker: JLL
  • Loan Type: Refinance

The refinancing for the hotel was arranged by JLL on behalf of a joint venture that includes Clearview Hotel Capital, highlighting the collaboration among these entities to secure the financing for the property. The involvement of Simmons Bank as the loan provider illustrates the financial backing for the continued operation and enhancement of the hotel.

Players

JLL
JLLBrokerage
SIMMONS BANK
SIMMONS BANKLender

Philadelphia Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

Loading comparables…

Deal FAQ

Browse Philadelphia hotel loans on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.28%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets