Main Street Registry

Skyline Hospitality LLC

Cooperstown, NY · Hotels (except Casino Hotels) and Motels · NAICS 721110

Skyline Hospitality LLC, located in Cooperstown, New York, operates in the hotels and motels industry and is a Hampton Inn by Hilton franchise. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $5,000,000, approved on December 15, 2023, by Newtek Bank, National Association, through the Empire State Certified Development Corporation.

SBA 504 loan, approved Dec 15, 2023

$5,000,000 SBA portionCDC: Empire State Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$5,000,000
Bank portion
$6,912,968
Estimated project size
$13,236,631 (estimated)
Estimated owner equity
$1,323,663 (estimated, about 10% of the project)
Bank lender
Newtek Bank, National Association, Miami, FL
CDC
Empire State Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
December 15, 2048 (estimated, approval date plus term)
First disbursement
Oct 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
17
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hampton Inn by Hilton
Project location
Otsego County, NY
SBA district office
Syracuse District Office
Congressional district
NY-19
Collateral
Yes

Estimated share of project by source

Bank 52% SBA (CDC) 38% Owner 10%

  • Larger than 90% 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 New York: $2,225,161.

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 New York