Hotel Feasibility Study in the Lakeland-Winter Haven, FL Metro Area

Lakeland-Winter Haven: hotel and motel lending

In Lakeland-Winter Haven, in FY2017 through FY2026, SBA recorded 25 hotel and motel loans, worth $68.5 million in gross approvals. Inside Lakeland-Winter Haven, hotel and motel lending ranks 4 of 39 in the local class table; Lakeland-Winter Haven comes in at 93 of 807 among all metro and micro areas for hotel and motel loans. At 1.51x, Lakeland-Winter Haven's location quotient puts hotel and motel above the nation. Lakeland-Winter Haven's median loan size comes to $2.7 million. The central half of Lakeland-Winter Haven loans extends from $1.4 million to $4.1 million, and the median comes to a 1.24x multiple of the national class median. Lakeland-Winter Haven hotel loans are large and franchised at 68.0%: a median of $2.7 million at 1.24x, a middle half from $1.4 million to $4.1 million, and a location quotient of 1.51x. Hotels rank 4 of 39 locally and 93 of 807 nationally. SBA 7(a) accounts for 14 loans and SBA 504 for 11, and Polk County holds all 25.

Of Lakeland-Winter Haven's 25 loans, 14 are SBA 7(a), 11 SBA 504. Franchise-affiliated units represent 68.0% of the Lakeland-Winter Haven loan count. In Lakeland-Winter Haven, no holder reaches five loans. Lakeland-Winter Haven therefore identifies no lender. All 25 loans sit in Polk County, FL.

Lakeland-Winter Haven: floors, limits and years

Lakeland-Winter Haven gives a short run of years: FY2020 records 5 loans totalling $13.3 million. Lakeland-Winter Haven's withheld years are: FY2017 to FY2019 and FY2021 to FY2026. Lakeland-Winter Haven's withheld years differ from none. Lakeland-Winter Haven's cancellation rate: withheld, under 30 loans. The Lakeland-Winter Haven charge-off rate: withheld, under 30 loans. Lakeland-Winter Haven's cut-off is Loan Analytics' own. Lakeland-Winter Haven's FY2017 to FY2021 group is short. Lakeland-Winter Haven is drawn on the 2023 July list. Lakeland-Winter Haven admits a loan solely by its county. Lakeland-Winter Haven omits unmatched loans. One code covers all Lakeland-Winter Haven lodging. Lakeland-Winter Haven can not separate limited-service from full-service. Lakeland-Winter Haven hotels and motels share a single code.

Lakeland-Winter Haven: what a study must test

Lakeland-Winter Haven lodging sponsors should name the brand, list the fees and improvements it demands, and test what rate and occupancy the rooms need for a loan near $2.7 million. Compare with properties in Polk County, where limited-service and full-service hotels share a code. FY2020 shows 5 loans worth $13.3 million while other years are withheld, so avoid leaning on one year. A weak season should still meet the instalments, backed by operating records an appraiser can verify.