Main Street Registry

Omkara Hospitality, LTD.

Akron, OH · Hotels (except Casino Hotels) and Motels · NAICS 721110

Omkara Hospitality, LTD. is a hotel business in Akron, Ohio, in the hotels (except casino hotels) and motels industry, and operates under the Hampton Inn by Hilton franchise. The company was approved for an SBA 504 loan financing real estate or equipment through its SBA portion of $3,487,000, with First Bank of the Lake as the lender and Alloy Development Co., Inc. as the certified development company, with approval dated July 30, 2026.

SBA 504 loan, approved Jul 30, 2026

$3,487,000 SBA portionCDC: Alloy Development Co., Inc.25 years termApproved, not yet fundedLoan details
SBA (CDC) portion
$3,487,000
Bank portion
$3,381,552
Estimated project size
$7,631,724 (estimated)
Estimated owner equity
$763,172 (estimated, about 10% of the project)
Bank lender
First Bank of the Lake, Osage Beach, MO
CDC
Alloy Development Co., Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
July 30, 2051 (estimated, approval date plus term)
Loan status
Approved, not yet funded
Jobs supported
32
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hampton Inn by Hilton
Project location
Summit County, OH
SBA district office
Columbus District Office
Congressional district
OH-11
Collateral
Yes

Estimated share of project by source

Bank 44% SBA (CDC) 46% Owner 10%

  • Larger than 69% 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 Ohio: $2,096,556.

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 Ohio