Hotels and Motels acquisitions in Florida: SBA loan data
Since FY2018, SBA lenders have approved 97 7(a) loans to buy an existing business classified as Hotels and Motels in Florida, totaling $322M. The median loan was $3,336,000. That is 2.7% of the 3,624 acquisition loans in Florida.
- Loans, FY2018-FY2026
- 97
- Median loan
- $3,336,000 (middle half $2,240,000 to $4,988,000)
- Top lender
- GBank (15%, 15 loans)
- Charge-off, FY2018-FY2021 loans
- 0.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 10 (+0% vs FY2025)
SBA lenders approved 97 7(a) loans to buy a business classified as Hotels and Motels in Florida from FY2018-FY2026, with a median of $3,336,000 and a middle half of $2,240,000 to $4,988,000. GBank made 15% of them. None of 62 seasoned loans were charged off, against the 3.5% all-acquisition rate.
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How Hotels and Motels in Florida compares
| Measure | Hotels and Motels in Florida | Florida, all industries | Hotels and Motels, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $3,336,000 | $751,700 | $2,621,250 | $645,250 |
| Middle half of loans | $2,240,000 to $4,988,000 | $350,000 to $1,584,250 | $1,644,250 to $4,100,000 | $283,000 to $1,465,000 |
| Average initial rate | 6.90% | 8.14% | 7.11% | 7.76% |
| Median term | 25 years | 10 years | 25 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 5.7% | 0.8% | 3.5% |
| Loans in sample | 97 | 3,624 | 2,310 | 48,902 |
The median for loans to buy hotels and motels in Florida is $3,336,000, well above the $751,700 median for all Florida acquisitions, above the $2,621,250 median for Hotels and Motels acquisitions nationwide and well above the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $2,240,000 to $4,988,000, against $283,000 to $1,465,000 nationally; the median term is 25 years, longer than the national median of 10 years; the average initial rate is 6.90%, below the 7.76% national average.
None of the seasoned loans were charged off, against 5.7% for all Florida acquisitions, 0.8% for Hotels and Motels acquisitions nationwide and 3.5% for all acquisition loans.
Loan size distribution
| Loan size | Hotels and Motels in Florida | All acquisitions |
|---|---|---|
| Under $350K | 0% | 30% |
| $350K to under $1M | 6% | 33% |
| $1M to under $2M | 16% | 19% |
| $2M and over | 77% | 17% |
Most loans to buy hotels and motels in Florida (94%) were $1M or more, and the largest single band is $2M and over at 77%, against 17% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
GBank made 15% of loans to buy hotels and motels in Florida, and the top three lenders together made 35%. 10 of the 37 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 20 loans to buy hotels and motels in Florida were approved. Fewer than 10 loans were approved in FY2023 and FY2024, so no change is computed. The median was $4,883,500, well above the $3,336,000 median across all years.
Hotels and Motels acquisition loans in Florida by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 20 | $55.5M | $2,752,500 | |
| FY2019 | 13 | $45.9M | $3,935,000 | |
| FY2020 | 9 | $26.3M | $3,025,000 | |
| FY2021 | 20 | $66.6M | $3,476,650 | |
| FY2022 | 8 | $20M | $2,292,500 | |
| FY2023 | 2 | $5.1M | $2,540,000 | |
| FY2024 | 5 | $20.8M | $5,000,000 | |
| FY2025 | 10 | $37.6M | $3,519,100 | |
| FY2026 | 10 | $43.9M | $4,994,000 |
How often do these acquisition loans fail?
Of the 62 Hotels and Motels in Florida acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), none have been charged off by the SBA. 38 have already been paid in full.
For comparison, Hotels and Motels in Florida has none charged off, against the 3.5% average across all SBA 7(a) acquisition loans in the same cohort. 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.
Seller note standby terms and third-party consents are reviewed before closing.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | GBank | 15 | 15.5% | $60M | |
| 2 | First Western SBLC, LLC d/b/a Peachtree Group | 10 | 10.3% | $28.7M | |
| 3 | The MINT National Bank | 9 | 9.3% | $16.4M | |
| 4 | Celtic Bank Corporation | 7 | 7.2% | $24.5M | |
| 5 | The Huntington National Bank | 5 | 5.2% | $21.5M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Quality Inn | 10 | 10.3% | $39.3M | |
| 2 | La Quinta | 8 | 8.2% | $34.8M | |
| 3 | Sleep Inn | 7 | 7.2% | $29.8M | |
| 4 | Red Roof Inn | 7 | 7.2% | $20.4M | |
| 5 | Days Inn | 6 | 6.2% | $23.1M |
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Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in Florida run?
The median SBA 7(a) loan was $3,336,000 across 97 loans (FY2018 to FY2026), with the middle half between $2,240,000 and $4,988,000. 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 Hotels and Motels acquisitions in Florida?
GBank (15), First Western SBLC, LLC d/b/a Peachtree Group (10), The MINT National Bank (9), Celtic Bank Corporation (7), The Huntington National Bank (5). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Hotels and Motels acquisition loans fail in Florida?
Of 62 seasoned loans (FY2018 to FY2021), none were charged off, against the 3.5% rate for all SBA acquisition loans. With a sample this size, treat the figure as a direction, not a precise rate.
Are franchised businesses part of Hotels and Motels acquisitions in Florida?
77 of the 97 loans (79%) involved a franchise brand, most often Quality Inn (10).
How much do you need down for an SBA loan to buy a hotel or motel in Florida?
The SBA requires the buyer to make an equity injection, commonly 10% of total project cost, and a lender may ask for more. The SBA file does not record injections, so the figures here are the financed portion: the median for loans to buy hotels and motels in Florida was $3,336,000, and the middle half ran $2,240,000 to $4,988,000.
How long does an SBA acquisition loan take?
For a change-of-ownership 7(a) loan, 45 to 90 days from application to close is typical. It varies by lender and by how quickly third-party reports, such as the business valuation and appraisal, come back. The SBA file records approval dates, not application dates, so this site cannot measure it. Lenders approved 20 loans to buy hotels and motels in Florida in FY2025 and FY2026.
Which banks make SBA loans for a hotel or motel in Florida?
By loan count, FY2018 to FY2026: GBank (15), First Western SBLC, LLC d/b/a Peachtree Group (10), The MINT National Bank (9), Celtic Bank Corporation (7), The Huntington National Bank (5). GBank made 15% of loans to buy hotels and motels in Florida. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Terms signed in the LOI shape the purchase agreement that follows.
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Related
- All Florida acquisitions
- Financing one? How to get an SBA loan to buy a hotel or motel
- Hotels and Motels nationally
- Hotels and Motels in Texas
- Hotels and Motels in Georgia
- Hotels and Motels in California
- Hotels and Motels in North Carolina
- Hotels and Motels in Ohio
- Hotels and Motels in Illinois
- Hotels and Motels in Indiana
- Hotels and Motels in Virginia
- Full-Service Restaurants in Florida
- Child Care Services in Florida
- All Other Specialty Trade Contractors in Florida
- Landscaping Services in Florida
- Insurance Agencies and Brokerages in Florida
- Plumbing, Heating, and Air-Conditioning Contractors in Florida
- Limited-Service Restaurants in Florida
- Offices of Certified Public Accountants in Florida
Small samples move a lot: each loan in this combination is 1% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Hotels and Motels in Florida: SBA acquisition loan data", https://sbaacquisitiondata.com/state/fl/hotels-except-casino-hotels-and-motels-721110 (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/state/fl/hotels-except-casino-hotels-and-motels-721110.json.