Main Street Registry

Hotel Mar Vista

Ocean Shores, WA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hotel Mar Vista in Ocean Shores, WA operates in the hotels (except casino hotels) and motels industry. The business has been financed with two SBA 7(a) loans for a change of ownership, approved on May 27, 2024 for $4 million and on September 16, 2025 for $3.6 million, both through Open Bank.

SBA 7(a) loan, change of ownership, approved Sep 16, 2025

$3,600,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$3,600,000
SBA-guaranteed amount
$2,700,000 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
September 16, 2050 (estimated, approval date plus term)
Estimated monthly payment
$28,988 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 30, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
13
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Grays Harbor County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 56% 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 Washington: $1,784,595.

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.

SBA 7(a) loan, change of ownership, approved May 27, 2024

$4,000,000 approvedLender: Open Bank25 years termPaid in fullLoan details
Gross approval
$4,000,000
SBA-guaranteed amount
$3,000,000 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.5%, variable
Term
25 years (300 months)
Estimated maturity
May 27, 2049 (estimated, approval date plus term)
Estimated monthly payment
$34,948 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
May 31, 2024
Loan status
Paid in full
Jobs supported
8
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Grays Harbor County, WA
SBA district office
Seattle District Office
Congressional district
WA-06
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 62% 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 Washington: $1,784,595.

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 Washington