FINANCEDHotel
Domain Companies Secures $102 Million Construction Loan For Hotel In Salt Lake City
370 South West Temple
$102,000,000
Building Size
—
Asset Type
Hotel
Closing
Mar 10, 2026
AI
The asset involved in this transaction is a hotel located at 370 South West Temple, Salt Lake City, UT, comprising 216 keys. The loan amount for the construction of this property totals $102,000,000, facilitated by Cottonwood Group.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $102,000,000
- Lender: Cottonwood Group
- Landlord: Domain Companies
- Landlord's Representatives: Dustin Stolly, Michael Brown, Jonathan Morrow, Carter Gradwell, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer, and Jason Schwartzberg - Walker & Dunlop
- Date of Transaction: 3/11/2026
This deal involves key representatives from the Landlord's side, all associated with Walker & Dunlop, who facilitated the transaction process. Their collective expertise contributed to the successful arrangement of financing for the construction of the hotel asset.
Players
Cottonwood GroupLender
DC
Domain CompaniesLandlord
Salt Lake City Hotel Market Snapshot
Boundary boundary · Hotel · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93