Main Street Registry

Austin Luxsai Hotels LLC

Austin, TX · Hotels (except Casino Hotels) and Motels · NAICS 721110

Austin Luxsai Hotels LLC is a hotel business in Austin, Texas, classified under the industry Hotels (except Casino Hotels) and Motels (NAICS 721110). The company was financed with an SBA 7(a) loan for a change of ownership, with a loan amount of $5 million approved by Global One Bank on December 27, 2024, and the loan is associated with a Hilton Garden Inn franchise and 20 jobs reported to the SBA.

SBA 7(a) loan, change of ownership, approved Dec 27, 2024

$5,000,000 approvedLender: Global One Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Global One Bank, Houston, TX
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
December 27, 2049 (estimated, approval date plus term)
Estimated monthly payment
$40,261 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Dec 31, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hilton Garden Inn
Project location
Travis County, TX
SBA district office
San Antonio District Office
Congressional district
TX-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 Texas: $1,944,682.

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 Texas