Hotel Feasibility Study in the Colorado Springs, CO Metro Area
What SBA's own loan files show about hotel and motel lending in the Colorado Springs, CO Metro Area, and what a feasibility study for a project there has to test.
Hotels in Colorado Springs weigh heavily
By area rank, Colorado Springs is 25 of 807 for hotel and motel loans, and within Colorado Springs the class is 4 of 39. The 1.64x location quotient shows hotels weigh far more here than in the country: lodging is a lead borrower class in this city. SBA's files show 61 loans for $138.3 million, FY2017 to FY2026. Against the national hotel median, Colorado Springs posts $2.2 million, or 1.02x, and a $1.1 million to $3.0 million band holds the middle half of hotel loans.
The hotel book around Colorado Springs runs 41 on SBA 7(a) paper and 20 on SBA 504 paper. Franchise brands appear on 55.7%. Pikes Peak Regional Development Corporation, under 504, has 10 loans worth $27.7 million. Hanmi Bank holds 11 7(a) loans for $19.7 million and PCB Bank holds 5 for $8.5 million. The dollar totals are large because each loan in the class is large, with the median at $2.2 million. The lender figures are SBA’s ledger of holders, and they say nothing of Hanmi Bank’s requirements. Holdings are the statement.
Loan Analytics prints no charge-off percentage and no cancelled-after-approval floor for Colorado Springs hotels, given how few loans exist; none is inferred. The fiscal years that print: 11 loans and $21.4 million in FY2017, 11 and $28.0 million in FY2018, 9 and $17.1 million in FY2020, 8 and $15.6 million in FY2021, 9 and $27.0 million in FY2022, and 5 and $8.1 million in FY2024.
What a Colorado Springs hotel study tests
The Colorado Springs figures cannot separate limited-service from full-service hotels, because hotels and motels share a single code. A lodging study should test whatever visitor and business demand the site relies on, supply in the competing corridor, brand terms and franchise fees, renovation scope, and coverage of debt service. Appraised value has to cover a cost running into millions, and any property improvement plan a brand requires belongs in the file. The Colorado Springs hotel count is built by project county name match per the July 2023 boundaries, so any loan with an unmatched county is omitted. This record works as background to a hotel plan, and nothing here pledges credit.
SBA hotel and motel loans in the Colorado Springs, CO Metro Area
| Loans approved, FY2017 to FY2026 | 61 |
|---|---|
| Gross dollars approved | $138.3 million |
| Median loan | $2.2 million |
| Middle half of loans, from | $1.1 million |
| Middle half of loans, to | $3.0 million |
| SBA 7(a) loans | 41 |
| SBA 504 loans | 20 |
| Franchise share of loans | 55.7% |
| Rank among metro and micro areas for hotel and motel loans | 25 of 807 |
| Rank of hotel and motel among the classes in this area | 4 of 39 |
| Location quotient (share of loans against the national share) | 1.64x |
| Median loan against the national median for the class | 1.02x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | withheld |
|---|---|
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | withheld |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
SBA hotel and motel loans approved in the Colorado Springs, CO Metro Area, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 11 | $21.4 million |
| FY2018 | 11 | $28.0 million |
| FY2019 | withheld | withheld |
| FY2020 | 9 | $17.1 million |
| FY2021 | 8 | $15.6 million |
| FY2022 | 9 | $27.0 million |
| FY2023 | withheld | withheld |
| FY2024 | 5 | $8.1 million |
| FY2025 | withheld | withheld |
| FY2026 | withheld | withheld |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| Pikes Peak Regional Development Corporation | 10 | $27.7 million |
| Lender | Loans | Dollars |
|---|---|---|
| Hanmi Bank | 11 | $19.7 million |
| PCB Bank | 5 | $8.5 million |
Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.
Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.
One code for hotels and motels; limited service and full service cannot be separated.
Shared code: Hotels and motels share 721110.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MA-17820-C07.
Related feasibility study pages
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Loan Analytics prepares the feasibility study a lender reads before it commits: for a hotel and motel project in the Colorado Springs, CO Metro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.
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