Main Street Registry

8050 Old Oliver Hospitality LLC

Pittsburgh, PA · Hotels (except Casino Hotels) and Motels · NAICS 721110

8050 Old Oliver Hospitality LLC is a hotel business in Pittsburgh, Pennsylvania, in the hotels (except casino hotels) and motels industry. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $5,000,000, approved on December 18, 2025 by Shoreham Bank, and the loan is associated with a TownePlace Suites by Marriott franchise and 26 reported jobs.

SBA 7(a) loan, change of ownership, approved Dec 18, 2025

$5,000,000 approvedLender: Shoreham Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8%, variable
Term
25 years (300 months)
Estimated maturity
December 18, 2050 (estimated, approval date plus term)
Estimated monthly payment
$38,591 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 20, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
26
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
TownePlace Suites by Marriott
Project location
Allegheny County, PA
SBA district office
Pittsburgh District Office
Congressional district
PA-17
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% of acquisition loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average acquisition loan in Hotels (except Casino Hotels) and Motels: $3,241,374.
  • Average acquisition loan in Pennsylvania: $1,636,965.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Pennsylvania