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Super 8 By Wyndham Newport News

Newport News, VA · Hotels (except Casino Hotels) and Motels · NAICS 721110

Super 8 By Wyndham Newport News is a hotel and motel business located in Newport News, Virginia, classified under the industry Hotels (except Casino Hotels) and Motels. The business was financed with an SBA 7(a) loan for a change of ownership in the amount of $1,643,000, approved on December 15, 2025, through lender GBank.

SBA 7(a) loan, change of ownership, approved Dec 15, 2025

$1,643,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$1,643,000
SBA-guaranteed amount
$1,232,250 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.25%, variable
Term
25 years (300 months)
Estimated maturity
December 15, 2050 (estimated, approval date plus term)
Estimated monthly payment
$12,954 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jan 13, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
11
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Super 8 by Wyndhan / Super 8
Project location
Newport News City County, VA
SBA district office
Richmond District Office
Congressional district
VA-01
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 16% 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 Virginia: $1,860,760.

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 Virginia