Main Street Registry

Blue Vista Hotel LLC

Nicholasville, KY · Hotels (except Casino Hotels) and Motels · NAICS 721110

Blue Vista Hotel LLC, located in Nicholasville, Kentucky, operates in the hotel and motel industry (NAICS 721110) and is listed as a Holiday Inn Express/Holiday Inn Express & Suites franchise. The business financed real estate or equipment through an SBA 504 loan of $2,884,000 approved on February 14, 2025, through Community Trust Bank, Inc. with Alloy Development Co., Inc. as the certified development company.

SBA 504 loan, approved Feb 14, 2025

$2,884,000 SBA portionCDC: Alloy Development Co., Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,884,000
Bank portion
$4,015,000
Estimated project size
$7,665,556 (estimated)
Estimated owner equity
$766,556 (estimated, about 10% of the project)
Bank lender
Community Trust Bank, Inc., Pikeville, KY
CDC
Alloy Development Co., Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
February 14, 2050 (estimated, approval date plus term)
First disbursement
May 14, 2025
Loan status
Status not reported (SBA exemption)
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Jessamine County, KY
SBA district office
Kentucky District Office
Congressional district
KY-2
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 57% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • Average expansion loan in Kentucky: $2,344,000.

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 Kentucky