East Hartford Lodging Partners LLC
East Hartford Lodging Partners LLC is a hotel business in East Hartford, Connecticut, classified under NAICS 721110 for hotels (except casino hotels) and motels, and it operates as a Hampton Inn & Suites by Hilton franchise.
SBA 504 loan, approved Jan 24, 2025
$5,490,000 SBA portionCDC: Bay Colony Development Corporation25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $5,490,000
- Bank portion
- $11,069,000
- Estimated project size
- $18,398,889 (estimated)
- Estimated owner equity
- $1,839,889 (estimated, about 10% of the project)
- Bank lender
- Celtic Bank Corporation, Salt Lake City, UT
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- January 24, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Business type
- Corporation
- NAICS
- 721110, Hotels (except Casino Hotels) and Motels
- Franchise
- Hampton Inn & Suites by Hilton
- Project location
- Capitol County, CT
- SBA district office
- Connecticut District Office
- Congressional district
- CT-1
- Collateral
- Yes
Estimated share of project by source
Bank 60% SBA (CDC) 30% Owner 10%
- Larger than 97% 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 Connecticut: $2,313,333.
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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