The new commercial mortgage for one of Hawaii’s largest hotel properties is being securitized in a single-asset transaction underwritten by JPMorgan.

JPMorgan Chase Commercial Mortgage Securities Trust 2016-WIKI is issuing notes secured by a new $400 million mortgage taken out for the Hyatt Regency-Waikiki Beach Resort & Spa, a 1,230 square-foot, 40-year-old oceanfront hotel in downtown Honolulu.

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