Buying a Country Inn and Suites by Radisson franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 39 7(a) loans to buy an existing Country Inn and Suites by Radisson (classified mostly as Hotels (except Casino Hotels) and Motels), totaling $147M. The median loan was $4,000,000, 520% higher than the $645,250 median for all SBA-financed acquisitions. 6 of these loans were approved in the last two fiscal years.
Seller note standby terms and third-party consents are reviewed before closing.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Country Inn and Suites by Radisson resale loans landed between $3,185,000 and $4,726,800.
- Lender experience exists. GBank alone has financed 11 Country Inn and Suites by Radisson resales.
- Guaranty. The SBA guaranteed 77% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Country Inn and Suites by Radisson resale
The median SBA 7(a) loan for a Country Inn and Suites by Radisson resale was $4,000,000 across 39 loans (FY2018 to FY2026). GBank, First Western SBLC, LLC d/b/a Peachtree Group and The Bancorp Bank National Association have financed the most Country Inn and Suites by Radisson resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Country Inn and Suites by Radisson acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 6 | $19M | $3,260,000 | |
| FY2019 | 2 | $7.8M | $3,877,800 | |
| FY2020 | 3 | $11.4M | $4,195,300 | |
| FY2021 | 7 | $28.3M | $4,000,000 | |
| FY2022 | 5 | $19.6M | $4,174,200 | |
| FY2023 | 2 | $8.9M | $4,459,000 | |
| FY2024 | 8 | $26.8M | $3,599,000 | |
| FY2025 | 3 | $11.9M | $4,072,000 | |
| FY2026 | 3 | $13M | $4,408,000 |
How often do these acquisition loans fail?
Fewer than 20 Country Inn and Suites by Radisson acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
The purchase agreement decides what you bought, not the loan approval.
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Lenders financing Country Inn and Suites by Radisson resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | GBank | 11 | 28.2% | $45.8M | |
| 2 | First Western SBLC, LLC d/b/a Peachtree Group | 5 | 12.8% | $12.2M | |
| 3 | The Bancorp Bank National Association | 3 | 7.7% | $7.9M | |
| 4 | Centerstone SBA Lending, Inc. | 2 | 5.1% | $8.5M | |
| 5 | US Metro Bank | 2 | 5.1% | $8.4M | |
| 6 | Metro City Bank | 2 | 5.1% | $8M | |
| 7 | Byline Bank | 1 | 2.6% | $5M | |
| 8 | Northeast Bank | 1 | 2.6% | $5M | |
| 9 | Peoples Bank | 1 | 2.6% | $5M | |
| 10 | The Huntington National Bank | 1 | 2.6% | $5M |
States where Country Inn and Suites by Radisson units are bought
| # | State | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Illinois | 7 | 17.9% | $30.2M | |
| 2 | Texas | 4 | 10.3% | $16.5M | |
| 3 | Georgia | 4 | 10.3% | $15M | |
| 4 | Virginia | 4 | 10.3% | $13.8M | |
| 5 | Pennsylvania | 3 | 7.7% | $13.1M | |
| 6 | North Dakota | 3 | 7.7% | $5.2M | |
| 7 | Kentucky | 2 | 5.1% | $9.7M | |
| 8 | Wisconsin | 2 | 5.1% | $9.2M | |
| 9 | Tennessee | 2 | 5.1% | $8.7M | |
| 10 | North Carolina | 2 | 5.1% | $8M |
Terms signed in the LOI shape the purchase agreement that follows.
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Questions buyers ask
How much do buyers borrow to buy a Country Inn and Suites by Radisson franchise?
The median SBA 7(a) loan for a Country Inn and Suites by Radisson resale was $4,000,000 across 39 loans (FY2018 to FY2026). The middle half of loans ran from $3,185,000 to $4,726,800. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Country Inn and Suites by Radisson acquisitions?
GBank has made the most SBA acquisition loans for Country Inn and Suites by Radisson (11, 28% of the total). First Western SBLC, LLC d/b/a Peachtree Group, The Bancorp Bank National Association, Centerstone SBA Lending, Inc. follow.
What interest rate and term do Country Inn and Suites by Radisson acquisition loans carry?
The average initial rate at approval was 7.22% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 25 years.
Is a Country Inn and Suites by Radisson resale riskier than other SBA-financed acquisitions?
Too few Country Inn and Suites by Radisson acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Country Inn and Suites by Radisson units being bought with SBA loans?
Illinois (7), Texas (4), Georgia (4), Virginia (4), Pennsylvania (3). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Hotels (except Casino Hotels) and Motels acquisitions
- Illinois acquisitions
- Texas acquisitions
- Georgia acquisitions
- GBank
- First Western SBLC, LLC d/b/a Peachtree Group
- The Bancorp Bank National Association
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Country Inn and Suites by Radisson" (franchise code S0431). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.