Hotel Feasibility Study in the Albany-Schenectady-Troy, NY Metro Area

Albany-Schenectady-Troy: hotel and motel lending

Within Albany-Schenectady-Troy, over FY2017 to FY2026, SBA's records hold 27 hotel and motel loans, adding up to $62.3 million in gross approvals. Inside Albany-Schenectady-Troy, hotel and motel lending ranks 6 of 39 against every other class here, while Albany-Schenectady-Troy sits at 86 of 807 across all metro and micro areas by hotel and motel loan count. Albany-Schenectady-Troy's 0.90x location quotient gives hotel and motel less weight locally. The median loan in Albany-Schenectady-Troy comes to $2.3 million. The inner half of Albany-Schenectady-Troy loans stretches from $1.3 million to $3.2 million, and the median stands at a 1.05x multiple of the national class median. Albany-Schenectady-Troy hotel loans are large and close to the national class: a median of $2.3 million at 1.05x, with the middle half from $1.3 million to $3.2 million and a franchise share of 51.9%. Empire State Certified Development Corporation holds 12 SBA 504 loans worth $27.8 million, and SBA 504 is nearly as common as SBA 7(a) in the cell. Albany County has 12 of the loans and Saratoga County 7.

By program in Albany-Schenectady-Troy, SBA 7(a) accounts for 15 loans and SBA 504 for 12. Franchised units make up 51.9% of the Albany-Schenectady-Troy loan count. The Albany-Schenectady-Troy lender tables show that Empire State Certified Development Corporation is the holder of 12 SBA 504 loans, $27.8 million in all. Albany-Schenectady-Troy's lender rows record today's holders only. Albany-Schenectady-Troy applicants get no signal of bank standards here. Across counties: Albany County, NY has 12 loans; Saratoga County, NY has 7 loans.

Albany-Schenectady-Troy: years, floors and limits

For Albany-Schenectady-Troy, only some years can be printed: FY2025 shows 6 loans valued at $13.0 million; FY2026 records 5 loans worth $14.4 million. In FY2021, Albany-Schenectady-Troy shows 0 loans and $0. The Albany-Schenectady-Troy years not shown: FY2017 to FY2020 and FY2022 to FY2024. Albany-Schenectady-Troy's withheld years are never zeros. The Albany-Schenectady-Troy cancellation rate: not published, fewer than 30 loans. The Albany-Schenectady-Troy charge-off rate: withheld, under 30 loans. Albany-Schenectady-Troy uses Loan Analytics' own minimum. Albany-Schenectady-Troy has a short FY2017 to FY2021 cohort. Albany-Schenectady-Troy follows the July 2023 list. Albany-Schenectady-Troy admits a loan solely by its county. Albany-Schenectady-Troy leaves out unmatched loans. A single code covers all Albany-Schenectady-Troy lodging. Albany-Schenectady-Troy cannot separate limited-service from full-service. Albany-Schenectady-Troy hotels and motels share a single code.

Albany-Schenectady-Troy: what to test

In Albany a hotel study should identify the brand, the rate and occupancy the rooms must reach, and the construction or renovation per room for a loan near $2.3 million. The study should say which lodging competes in the county of the site, Albany or Saratoga. FY2025 and FY2026 each show volume, 6 loans worth $13.0 million and 5 loans worth $14.4 million, after FY2021 shows 0, so show cash flow at a cautious level. The appraisal values the operating hotel.