Main Street Registry

Sonesta Select Chattanooga Hamilton Place

Chattanooga, TN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Sonesta Select Chattanooga Hamilton Place is a hotel business in Chattanooga, Tennessee, classified under Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership, approved on August 25, 2025, with GBank as the lender and a loan amount of $4,835,000.

SBA 7(a) loan, change of ownership, approved Aug 25, 2025

$4,835,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,835,000
SBA-guaranteed amount
$3,626,250 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
August 25, 2050 (estimated, approval date plus term)
Estimated monthly payment
$38,933 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Sep 18, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Sonesta Select
Project location
Hamilton County, TN
SBA district office
Tennessee District Office
Congressional district
TN-03
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
Revolving line of credit
No (term loan)
  • Larger than 74% 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 Tennessee: $1,738,925.

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 Tennessee