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Gold Coast Hotels, Inc.

Fort Myers, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Gold Coast Hotels, Inc. is a hotel and motel business in Fort Myers, Florida, classified under NAICS code 721110 (Hotels, except Casino Hotels and Motels). The company was financed with an SBA 7(a) loan for a change of ownership, approved on April 25, 2025 by Port 51 Lending LLC, and the business operates as a Travelodge by Wyndham franchise.

SBA 7(a) loan, change of ownership, approved Apr 25, 2025

$3,187,500 approvedLender: Port 51 Lending LLC25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,187,500
SBA-guaranteed amount
$2,390,625 (75% of the approval)
Lender
Port 51 Lending LLC, New York, NY
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
10.25%, variable
Term
25 years (300 months)
Estimated maturity
April 25, 2050 (estimated, approval date plus term)
Estimated monthly payment
$29,528 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 20, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Travelodge by Wyndham
Project location
Lee County, FL
SBA district office
South Florida District Office
Congressional district
FL-19
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 50% 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 Florida: $1,808,559.

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 Florida