Main Street Registry

Hilton Garden Inn

Groton, CT · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hilton Garden Inn is a hotel business located in Groton, Connecticut, in the hotels (except casino hotels) and motels industry. The company financed real estate or equipment through an SBA 504 loan of $3,566,000, with a total project size of $10,235,000, approved on January 5, 2024, through State Bank of Texas and the New England Certified Development Corporation. The loan reports 35 jobs.

SBA 504 loan, approved Jan 5, 2024

$3,566,000 SBA portionCDC: New England Certified Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,566,000
Bank portion
$10,235,000
Estimated project size
$15,334,444 (estimated)
Estimated owner equity
$1,533,444 (estimated, about 10% of the project)
Bank lender
State Bank of Texas, Irving, TX
CDC
New England Certified Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
January 5, 2049 (estimated, approval date plus term)
First disbursement
Oct 15, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
35
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Southeastern Ct County, CT
SBA district office
Connecticut District Office
Congressional district
CT-2
Collateral
Yes

Estimated share of project by source

Bank 67% SBA (CDC) 23% Owner 10%

  • Larger than 71% 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 Connecticut: $2,313,333.

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 Connecticut