Main Street Registry

Lux Hospitality Amarillo LLC

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

Lux Hospitality Amarillo LLC is a hotel business in Amarillo, Texas, classified under the NAICS industry for hotels (except casino hotels) and motels. The company financed real estate or equipment through an SBA 504 loan of $2,395,000 approved on June 12, 2024, with Clearwater FCU as the bank and LiftFund, Inc. as the certified development company. The loan is associated with a Fairfield by Marriott franchise and reports 20 jobs.

SBA 504 loan, approved Jun 12, 2024

$2,395,000 SBA portionCDC: LiftFund, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,395,000
Bank portion
$5,779,680
Estimated project size
$9,082,978 (estimated)
Estimated owner equity
$908,298 (estimated, about 10% of the project)
Bank lender
Clearwater FCU, Missoula, MT
CDC
LiftFund, Inc.
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
June 12, 2049 (estimated, approval date plus term)
First disbursement
Feb 12, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
20
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
Fairfield by Marriott/Fairfield Inn & Suites by Marriott/Fairfield Inn by Marriott/Fairfield by Marriott Inn & Suites
Project location
Potter County, TX
SBA district office
Lubbock District Office
Congressional district
TX-13
Collateral
Yes

Estimated share of project by source

Bank 64% SBA (CDC) 26% Owner 10%

  • Larger than 46% 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 Texas: $2,316,979.

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