Main Street Registry

Holiday Inn Express & Suites Minneapolis - West End

Golden Valley, MN · Hotels (except Casino Hotels) and Motels · NAICS 721110

Holiday Inn Express & Suites Minneapolis - West End in Golden Valley, MN operates in the hotels and motels industry. The business was financed with an SBA 504 loan of $3,622,000 that financed real estate or equipment through an SBA 504 loan, approved on November 21, 2024 through Northeast Bank and Twin Cities-Metro Certified Development Company.

SBA 504 loan, approved Nov 21, 2024

$3,622,000 SBA portionCDC: Twin Cities-Metro Certified Development Company25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$3,622,000
Bank portion
$5,062,000
Estimated project size
$9,648,889 (estimated)
Estimated owner equity
$964,889 (estimated, about 10% of the project)
Bank lender
Northeast Bank, Minneapolis, MN
CDC
Twin Cities-Metro Certified Development Company
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
November 21, 2049 (estimated, approval date plus term)
First disbursement
Sep 16, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
1
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Holiday Inn Express/Holiday Inn Express & Suites
Project location
Hennepin County, MN
SBA district office
Minnesota District Office
Congressional district
MN-5
Collateral
Yes

Estimated share of project by source

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

  • Larger than 72% 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 Minnesota: $2,136,981.

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 Minnesota