Main Street Registry

P & K Hotels LLC

Jamestown, NY · Hotels (except Casino Hotels) and Motels · NAICS 721110

P & K Hotels LLC is a hotel business in Jamestown, New York, classified under Hotels (except Casino Hotels) and Motels. The company was financed with an SBA 7(a) loan for a change of ownership in the amount of $5 million, approved by Shoreham Bank on September 28, 2026. The loan supports a franchised property affiliated with DoubleTree by Hilton and Double Tree Suites by Hilton, with 48 jobs reported.

SBA 7(a) loan, change of ownership, approved Sep 28, 2026

$5,000,000 approvedLender: Shoreham Bank25 years termCommitted, not fully disbursedLoan details
Gross approval
$5,000,000
SBA-guaranteed amount
$3,750,000 (75% of the approval)
Lender
Shoreham Bank, Warwick, RI
Processing method
Preferred Lender Program: lender approved under delegated SBA authority
Initial interest rate
7.75%, variable
Term
25 years (300 months)
Estimated maturity
September 28, 2051 (estimated, approval date plus term)
Estimated monthly payment
$37,766 Estimated payment at the initial rate over the full term; actual terms vary.
Loan status
Committed, not fully disbursed
Jobs supported
48
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Franchise
DoubleTree by Hilton / Double Tree Suites by Hilton
Project location
Chautauqua County, NY
SBA district office
Buffalo District Office
Congressional district
NY-23
Collateral
Yes
Guaranteed portion sold on secondary market
Not reported as sold
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 New York: $1,771,512.

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 New York