Main Street Registry

Homewood Suites Dallas Las Colinas

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

Homewood Suites Dallas Las Colinas, located in Irving, Texas, operates in the hotels and motels industry and is a Homewood Suites by Hilton franchise. The business was financed with an SBA 7(a) loan for a change of ownership, approved for $5 million by Mission Valley Bank on March 12, 2025, and the loan is reported to create 16 jobs.

SBA 7(a) loan, change of ownership, approved Mar 12, 2025

$5,000,000 approvedLender: Mission Valley 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
Mission Valley Bank, Sun Valley, CA
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
9%, variable
Term
25 years (300 months)
Estimated maturity
March 12, 2050 (estimated, approval date plus term)
Estimated monthly payment
$41,960 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Apr 8, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
16
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Homewood Suites by Hilton
Project location
Dallas County, TX
SBA district office
Dallas / Ft Worth District Office
Congressional district
TX-24
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