Main Street Registry

RRR Hospitality LLC

Minot, ND · Hotels (except Casino Hotels) and Motels · NAICS 721110

RRR Hospitality LLC, located in Minot, ND, operates in the hotels (except casino hotels) and motels industry (NAICS 721110) and is a franchise location of Microtel Inn & Suites by Wyndham. The business was financed with an SBA 7(a) loan for a change of ownership of $2,525,000 from Shoreham Bank, with approval dated March 18, 2026, and the loan is reported with 10 jobs.

SBA 7(a) loan, change of ownership, approved Mar 18, 2026

$2,525,000 approvedLender: Shoreham Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$2,525,000
SBA-guaranteed amount
$1,893,750 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
March 18, 2051 (estimated, approval date plus term)
Estimated monthly payment
$19,072 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Mar 25, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
10
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Microtel Inn & Suites by Wyndham
Project location
Ward County, ND
SBA district office
North Dakota District Office
Congressional district
ND-00
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 36% 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 North Dakota: $1,899,142.

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 North Dakota