Main Street Registry

TownPlace Suites

Manchester, NH · Hotels (except Casino Hotels) and Motels · NAICS 721110

TownPlace Suites, located in Manchester, NH, operates in the hotels and motels industry (NAICS 721110) and is listed as a TownePlace Suites by Marriott franchise. The business was financed through an SBA 504 loan, with an SBA portion of $3,422,000 and a total project amount of $4,780,000, approved on November 26, 2024, through Leader Bank, National Association, with Bay Colony Development Corporation as the certified development company.

SBA 504 loan, approved Nov 26, 2024

$3,422,000 SBA portionCDC: Bay Colony Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,422,000
Bank portion
$4,780,000
Estimated project size
$9,113,333 (estimated)
Estimated owner equity
$911,333 (estimated, about 10% of the project)
Bank lender
Leader Bank, National Association, Arlington, MA
CDC
Bay Colony Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 26, 2049 (estimated, approval date plus term)
First disbursement
Dec 17, 2025
Loan status
Status not reported (SBA exemption)
Business type
Individual
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
TownePlace Suites by Marriott
Project location
Hillsborough County, NH
SBA district office
New Hampshire District Office
Congressional district
NH-1
Collateral
Yes

Estimated share of project by source

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

  • Larger than 67% 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 Hampshire: $1,898,259.

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in New Hampshire