Hampton Inn & Suites
LOAN DETAILS
USDA B&I
$5 MM
Location
Douglas, Wyoming
Term
30 years
SBA 7(a)
$2.9 MM
Location
Douglas, Wyoming
Term
25 years
History
This combination USDA B&I and SBA 7(a) loan provided permanent financing for a 100 room hotel that employs 32 people.
The hotel was constructed as a three-story, 100 room Hampton Inn & Suites, located in Douglas, Wyoming. The hotel’s amenities include an indoor pool, an indoor whirlpool, exercise room, business center and market pantry. The property is well-served by a network of local highways and roadways. Interstate 25, State Highway 59 and US Highway 18 facilitate travel between the subject site and the principal concentrations of business activity and population in the region.
The town of Douglas is located near Casper, the second-largest city in Wyoming behind Cheyenne, the state capital. The area’s economic base is supported by a myriad of industries, with its cornerstone being energy.