Hotels and Motels acquisitions in Pennsylvania: SBA loan data
Since FY2018, SBA lenders have approved 60 7(a) loans to buy an existing business classified as Hotels and Motels in Pennsylvania, totaling $180M. The median loan was $2,731,500. That is 3.4% of the 1,765 acquisition loans in Pennsylvania.
- Loans, FY2018-FY2026
- 60
- Median loan
- $2,731,500 (middle half $1,682,500 to $4,743,750)
- Top lender
- GBank (13%, 8 loans)
- Charge-off, FY2018-FY2021 loans
- 0.0% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 2
SBA lenders approved 60 7(a) loans to buy a business classified as Hotels and Motels in Pennsylvania from FY2018-FY2026, with a median of $2,731,500 and a middle half of $1,682,500 to $4,743,750. GBank made 13% of them. None of 33 seasoned loans were charged off, against the 3.5% all-acquisition rate.
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How Hotels and Motels in Pennsylvania compares
| Measure | Hotels and Motels in Pennsylvania | Pennsylvania, all industries | Hotels and Motels, nationwide | All acquisitions |
|---|---|---|---|---|
| Median loan | $2,731,500 | $535,000 | $2,621,250 | $645,250 |
| Middle half of loans | $1,682,500 to $4,743,750 | $229,000 to $1,282,000 | $1,644,250 to $4,100,000 | $283,000 to $1,465,000 |
| Average initial rate | 7.28% | 7.94% | 7.11% | 7.76% |
| Median term | 25 years | 10 years | 25 years | 10 years |
| Charge-off rate (seasoned loans) | 0.0% | 2.1% | 0.8% | 3.5% |
| Loans in sample | 60 | 1,765 | 2,310 | 48,902 |
The median for loans to buy hotels and motels in Pennsylvania is $2,731,500, well above the $535,000 median for all Pennsylvania acquisitions, in line with 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 $1,682,500 to $4,743,750, 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 7.28%, below the 7.76% national average.
None of the seasoned loans were charged off, against 2.1% for all Pennsylvania 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 Pennsylvania | All acquisitions |
|---|---|---|
| Under $350K | 2% | 30% |
| $350K to under $1M | 7% | 33% |
| $1M to under $2M | 22% | 19% |
| $2M and over | 70% | 17% |
Most loans to buy hotels and motels in Pennsylvania (92%) were $1M or more, and the largest single band is $2M and over at 70%, against 17% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
GBank made 13% of loans to buy hotels and motels in Pennsylvania, and the top three lenders together made 30%. 8 of the 24 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, 6 loans to buy hotels and motels in Pennsylvania were approved. That is 60% fewer than the 15 approved in FY2023 and FY2024. The median was $4,316,000, well above the $2,731,500 median across all years.
Hotels and Motels acquisition loans in Pennsylvania by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 12 | $43.4M | $3,575,000 | |
| FY2019 | 10 | $22.5M | $2,217,500 | |
| FY2020 | 4 | $17M | $4,360,000 | |
| FY2021 | 7 | $17.8M | $2,500,000 | |
| FY2022 | 6 | $16.8M | $2,436,500 | |
| FY2023 | 6 | $10.6M | $1,412,500 | |
| FY2024 | 9 | $30.1M | $2,925,000 | |
| FY2025 | 4 | $12M | $3,023,500 | |
| FY2026 | 2 | $9.6M | $4,780,000 |
How often do these acquisition loans fail?
Of the 33 Hotels and Motels in Pennsylvania 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. 19 have already been paid in full.
For comparison, Hotels and Motels in Pennsylvania 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.
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Top lenders
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | GBank | 8 | 13.3% | $25.7M | |
| 2 | Peapack Private Bank and Trust | 5 | 8.3% | $17.5M | |
| 3 | Hanover Community Bank | 5 | 8.3% | $12M | |
| 4 | Shoreham Bank | 4 | 6.7% | $19.5M | |
| 5 | The Bank of Princeton | 4 | 6.7% | $18.6M |
Top franchise brands
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Best Western | 6 | 10.0% | $20.9M | |
| 2 | Red Roof Inn | 5 | 8.3% | $14.5M | |
| 3 | Super 8 | 4 | 6.7% | $6.2M | |
| 4 | Country Inn and Suites by Radisson | 3 | 5.0% | $13.1M | |
| 5 | Comfort Inn | 3 | 5.0% | $12.3M |
Seller note standby terms and third-party consents are reviewed before closing.
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Questions buyers ask
How much do SBA loans for Hotels and Motels acquisitions in Pennsylvania run?
The median SBA 7(a) loan was $2,731,500 across 60 loans (FY2018 to FY2026), with the middle half between $1,682,500 and $4,743,750. 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 Pennsylvania?
GBank (8), Peapack Private Bank and Trust (5), Hanover Community Bank (5), Shoreham Bank (4), The Bank of Princeton (4). Some lenders repeatedly finance this industry in this state; the counts above show which.
How often do Hotels and Motels acquisition loans fail in Pennsylvania?
Of 33 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 Pennsylvania?
45 of the 60 loans (75%) involved a franchise brand, most often Best Western (6).
How much do you need down for an SBA loan to buy a hotel or motel in Pennsylvania?
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 Pennsylvania was $2,731,500, and the middle half ran $1,682,500 to $4,743,750.
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 6 loans to buy hotels and motels in Pennsylvania in FY2025 and FY2026.
Which banks make SBA loans for a hotel or motel in Pennsylvania?
By loan count, FY2018 to FY2026: GBank (8), Peapack Private Bank and Trust (5), Hanover Community Bank (5), Shoreham Bank (4), The Bank of Princeton (4). GBank made 13% of loans to buy hotels and motels in Pennsylvania. Counts show past approvals only and do not predict whether a lender will approve a particular deal.
Seller note standby terms and third-party consents are reviewed before closing.
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Related
- All Pennsylvania 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 Florida
- Hotels and Motels in Indiana
- Full-Service Restaurants in Pennsylvania
- Limited-Service Restaurants in Pennsylvania
- Beer, Wine, and Liquor Retailers in Pennsylvania
- Plumbing, Heating, and Air-Conditioning Contractors in Pennsylvania
- Landscaping Services in Pennsylvania
- General Automotive Repair in Pennsylvania
- All Other Specialty Trade Contractors in Pennsylvania
- Snack and Nonalcoholic Beverage Bars in Pennsylvania
Small samples move a lot: each loan in this combination is 2% of the count. Industry is the NAICS code the lender recorded. See the methodology.
Cite this data
SBA Acquisition Data, "Hotels and Motels in Pennsylvania: SBA acquisition loan data", https://sbaacquisitiondata.com/state/pa/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/pa/hotels-except-casino-hotels-and-motels-721110.json.