Hotel Feasibility Study in the Akron, OH Metro Area

Akron's hotel and motel record in SBA's files covers 37 loans and $103.8 million approved across FY2017 to FY2026. Inside the area, the class stands 6 of 39 among asset types, and against the 807 metro and micro areas SBA tracks, the Akron, OH Metro Area stands 52 of 807 for hotels and motels. The location quotient reads 0.76x, so lodging takes a thinner portion of Akron lending than of the national book, even while it ranks sixth locally. The median loan of $2.6 million is 1.22x the national median for the class, which tells a sponsor that Akron-area hotel loans tend to be bigger than those elsewhere.

Sizes, programs and brand flags

Half of the loans fall between $2.0 million and $3.5 million, so a project priced well under $2.0 million would sit below the usual Akron band and one above $3.5 million among the biggest. Of the 37 loans, 29 belong to SBA 7(a) and 8 to SBA 504. A franchise share of 83.8% means that most of these properties carried a brand flag when SBA logged them. For a feasibility study the brand choice therefore comes first, because the franchise agreement fixes required improvements, fees and the revenue assumptions a lender will examine.

Holders, counties and the years that print

SBA names whoever currently holds each loan. Under 7(a), Shoreham Bank appears with 8 loans carrying $26.0 million. Those entries are SBA's record of paper the bank holds or held; they tell a reader nothing about its appetite for a new request. Summit County, OH supplies 26 loans and Portage County, OH supplies 11, which places most of the record in the core county. Two fiscal years print on their own: FY2022 with 6 loans and $16.3 million, and FY2024 with 6 loans and $18.9 million. Loan Analytics withholds every other year because too few loans sit behind it, and hidden does not mean empty. Two printed years cannot show a direction of travel.

What an Akron hotel study has to prove

Akron lodging has no cancellation or charge-off measure printed, its cohort being too small for Loan Analytics to publish them. A lender reviewing this page gets no loss floor for Akron lodging and must rest on the project itself. The class is also coded once for everything, so limited-service and full-service properties blend in the figures above; hotels and motels share one industry code. A sponsor commissioning a study should expect tests of Akron room demand at the property's required rate, supply near the site, build or purchase cost beside a request near the $2.6 million median, and operating income, after franchise fees and reserves, against debt service in a weak year. It must also support the opinion of value that the lender weighs against the loan. Past loans give context and carry no promise of approval.