Main Street Registry

La Quinta Inn & Suites Sunrise

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

La Quinta Inn & Suites Sunrise is a hotel business in Sunrise, Florida, in the hotels (except casino hotels) and motels industry, operating as a La Quinta by Wyndham / La Quinta Inn & Suites franchise. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5 million approved by GBank on November 14, 2023. The loan reported 15 jobs.

SBA 7(a) loan, change of ownership, approved Nov 14, 2023

$5,000,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
November 14, 2048 (estimated, approval date plus term)
Estimated monthly payment
$41,960 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 5, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
La Quinta by Wyndham / La Quinta Inn & Suites
Project location
Broward County, FL
SBA district office
South Florida District Office
Congressional district
FL-23
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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