Main Street Registry

Hyatt Place Westminster

Westminster, CO · Hotels (except Casino Hotels) and Motels · NAICS 721110

Hyatt Place Westminster is located in Westminster, CO, and the SBA lists its industry as Hotels (except Casino Hotels) and Motels. It was approved for an SBA 504 loan ($4,297,000 SBA portion) on December 21, 2023 to finance real estate or equipment.

SBA 504 loan, approved Dec 21, 2023

SBA (CDC) portion
$4,297,000
Bank portion
$14,500,000
Estimated project size
$20,885,556 (estimated)
Estimated owner equity
$2,088,556 (estimated, about 10% of the project)
Bank lender
Celtic Bank Corporation, Salt Lake City, UT
CDC
Mountain West Small Business Finance
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
December 21, 2048 (estimated, approval date plus term)
First disbursement
Sep 11, 2024
Loan status
Status not reported (SBA exemption)
Jobs supported
43
Business type
LLC or partnership
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Hyatt Place
Project location
Jefferson County, CO
SBA district office
Colorado District Office
Congressional district
CO-2
Collateral
Yes

Estimated share of project by source

Bank 69% SBA (CDC) 21% Owner 10%

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.

Is this your company? Claim or correct this listing. See Corrections.

Same industry in Colorado