Main Street Registry

Travelodge Winchester

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

Travelodge Winchester is a hotel and motel business in Winchester, Virginia, classified under NAICS 721110 for hotels (except casino hotels) and motels, and it operates as a Travelodge by Wyndham franchise. The business was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5 million approved by GBank on October 25, 2023, and the loan reports 21 jobs.

SBA 7(a) loan, change of ownership, approved Oct 25, 2023

$5,000,000 approvedLender: GBank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
GBank, Las Vegas, NV
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9.75%, variable
Term
25 years (300 months)
Estimated maturity
October 25, 2048 (estimated, approval date plus term)
Estimated monthly payment
$44,557 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 20, 2023
Loan status
Status not reported (SBA exemption)
Jobs supported
21
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Travelodge by Wyndham
Project location
Frederick County, VA
SBA district office
Richmond District Office
Congressional district
VA-10
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 76% 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