Main Street Registry

Comfort Suites North Dallas

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

Comfort Suites North Dallas is a hotel business in Dallas, Texas, in the hotels and motels industry (NAICS 721110), and it operates as a Comfort Suites by Choice Hotels franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $4,535,000, approved on July 17, 2025, through the lender Open Bank, and the loan reports 15 jobs.

SBA 7(a) loan, change of ownership, approved Jul 17, 2025

$4,535,000 approvedLender: Open Bank25 years termStatus not reported (SBA exemption)Loan details
Gross approval
$4,535,000
SBA-guaranteed amount
$3,401,250 (75% of the approval)
Lender
Open Bank, Los Angeles, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
8.5%, variable
Term
25 years (300 months)
Estimated maturity
July 17, 2050 (estimated, approval date plus term)
Estimated monthly payment
$36,517 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Jul 23, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Comfort Suites by Choice Hotels
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-05
Collateral
Yes
Guaranteed portion sold on secondary market
Yes
Revolving line of credit
No (term loan)
  • Larger than 71% 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