Main Street Registry

La Quinta & Suites

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

La Quinta & Suites is a hotel and motel business in The Colony, Texas, in the Hotels (except Casino Hotels) and Motels industry, and it operates as a La Quinta by Wyndham / La Quinta Inn & Suites franchise. The business was financed with an SBA 7(a) loan for a change of ownership of $5 million, approved on September 30, 2025, by Open Bank, and the loan is listed with 15 jobs.

SBA 7(a) loan, change of ownership, approved Sep 30, 2025

$5,000,000 approvedLender: Open 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
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
September 30, 2050 (estimated, approval date plus term)
Estimated monthly payment
$40,261 Estimated payment at the initial rate over the full term; actual terms vary.
First disbursement
Nov 6, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
15
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
La Quinta by Wyndham / La Quinta Inn & Suites
Project location
Denton 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