Main Street Registry

Diya Lansing Hotels, LLC

Lansing, IL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Diya Lansing Hotels, LLC is a hotel and motel business in Lansing, Illinois, classified under the industry description Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership of $4,044,000, approved on October 5, 2023 by lender GBank. The business operates as a franchise under the Extended Stay America Suites name.

SBA 7(a) loan, change of ownership, approved Oct 5, 2023

$4,044,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,044,000
SBA-guaranteed amount
$3,033,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.75%, fixed
Term
25 years (300 months)
Estimated maturity
October 5, 2048 (estimated, approval date plus term)
Estimated monthly payment
$33,247 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Oct 17, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
4
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Extended Stay America Suites
Project location
Cook County, IL
SBA district office
Illinois District Office
Congressional district
IL-02
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 63% 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 Illinois: $1,796,780.

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 Illinois