Main Street Registry

Holiday Inn Express

Syracuse, NY · Hotels (except Casino Hotels) and Motels · NAICS 721110

Holiday Inn Express, a hotel business in Syracuse, New York, in the Hotels (except Casino Hotels) and Motels industry, financed real estate or equipment through an SBA 504 loan with a $4,851,000 SBA portion. The loan was approved through Centreville Bank and the Empire State Certified Development Corporation on August 18, 2026, and the record lists it as a Holiday Inn Express franchise with 2 jobs.

SBA 504 loan, approved Aug 18, 2026

$4,851,000 SBA portionCDC: Empire State Certified Development Corporation25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$4,851,000
Bank portion
$6,750,000
Estimated project size
$12,890,000 (estimated)
Estimated owner equity
$1,289,000 (estimated, about 10% of the project)
Bank lender
Centreville Bank, West Warwick, RI
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
August 18, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Onondaga County, NY
SBA district office
Syracuse District Office
Congressional district
NY-24
Collateral
Yes

Estimated share of project by source

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

  • Larger than 86% 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 New York: $2,225,161.

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 New York