Hotel Feasibility Study in the Salt Lake City-Murray, UT Metro Area

Salt Lake City-Murray: the median hotel loan stands apart

What marks the Salt Lake City-Murray, UT hotel cell out is loan size: its $3.7 million median is 1.72x the national median for the class. Hotels and motels take 13 of 39 among Salt Lake City-Murray's classes in SBA's file, and Salt Lake City-Murray sits at 90 of 807 among areas. The location quotient of 0.31x says hotels weigh far less in the local loan book than nationally, though the page does not call that ratio distinctive. The Salt Lake City-Murray tally for FY2017 to FY2026 is 26 loans and $87.2 million in gross approvals.

The inner two quarters of Salt Lake City-Murray loans run between $2.6 million and $4.5 million. Programs: 14 for 7(a), 12 for 504, a nearly even divide. Franchise units are 73.1% of the loans, so branded properties dominate. No Salt Lake City-Murray lender reaches 5 loans, so none appears. The page prints no county tally.

No yearly series

Not one Salt Lake City-Murray year holds enough loans for a yearly line, so a reader cannot see when the loans were approved. Outcome rates stop at Salt Lake City-Murray, whose cohort has fewer than 30 loans. Hotels and motels have just one code here, which blurs limited-service and full-service properties together, so the median is a blend.

Notice the contrast between a low weight and a high size: 0.31x on location quotient against 1.72x on the median. Fewer hotel loans than the national pattern would predict, but each one larger. With the class at 13th of 39 locally and the area 90th of 807, a lender will treat Salt Lake City-Murray as a place with real but limited hotel lending, and will read a new request against a handful of big past loans.

What a Salt Lake City-Murray hotel plan must establish

Underwriters facing loans this large work through franchise terms, required brand improvements and the set of properties nearby. A median of $3.7 million and a middle half from $2.6 million to $4.5 million mean a request must be explained line by line. Occupancy and nightly rate have to be tied to land, construction and furnishings cost, with the payment covered when occupancy falls short of plan, and an appraisal on income needs sourced revenue lines. The ratio of 1.72x is a reason to bring detailed contractor pricing.