Main Street Registry

La Quinta Inn & Suites DTC

Greenwood Village, CO · Hotels (except Casino Hotels) and Motels · NAICS 721110

La Quinta Inn & Suites DTC, located in Greenwood Village, Colorado, operates in the hotels (except casino hotels) and motels industry. The company financed real estate or equipment through an SBA 504 loan of $4,389,000, approved on September 17, 2024, through Celtic Bank Corporation with Community Economic Development Company of Colorado as the certified development company.

SBA 504 loan, approved Sep 17, 2024

$4,389,000 SBA portionCDC: Community Economic Development Company of Colorado25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$4,389,000
Bank portion
$7,155,000
Estimated project size
$12,826,667 (estimated)
Estimated owner equity
$1,282,667 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Community Economic Development Company of Colorado
Processing method
504 Basic: standard SBA processing through a CDC
Term
25 years (300 months)
Estimated maturity
September 17, 2049 (estimated, approval date plus term)
First disbursement
Dec 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Arapahoe County, CO
SBA district office
Colorado District Office
Congressional district
CO-4
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 82% 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 Colorado: $2,096,252.

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 Colorado