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PPP Loan Data — Cclv Luxury Hotel Holding LLC,
Las Vegas, NV
FRANCHISE
NVCclv Luxury Hotel Holding LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Franchise: Waldorf Astoria
Location: Las Vegas, NV
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Cclv Luxury Hotel Holding LLC is a limited liability company (LLC) located at 3752 Las Vegas Blvd S in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021. This business is a Waldorf Astoria franchise.
The company has reported itself as a female owned business, and employed at least 179 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4345098402
Loan Size:
Jobs Retained:
179Loan Approved:
2021-02-06Loan Status:
Paid in Full or ForgivenLender:
East West BankCclv Luxury Hotel Holding LLC in Las Vegas, NV received a Paycheck Protection Loan of $2M through East West Bank, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Cclv Luxury Hotel Holding LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $53,631 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cclv Luxury Hotel Holding LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,994
- Utilities: $1
Business Information - Cclv Luxury Hotel Holding LLC in Las Vegas, NV
3752 Las Vegas Blvd S
Las Vegas, NV 89158
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 81,976 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 23 employees, 87% lower than Cclv Luxury Hotel Holding LLC's reported 179 employees, and received an average PPP loan of $169,775, 92% lower than this company's loan of $2M.
Cclv Luxury Hotel Holding, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Las Vegas, NV
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•
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Cclv Luxury Hotel Holding, LLC is a limited liability company (LLC) located at 3752 Las Vegas Blvd S in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $5,890,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 490 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1046837105
Loan Size:
Jobs Retained:
490Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
East West BankCclv Luxury Hotel Holding, LLC in Las Vegas, NV received a Paycheck Protection Loan of $5.89M through East West Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Cclv Luxury Hotel Holding, LLC's 2019 payroll expenses are estimated to be at least $28.27M.
Based on their reported 490 jobs retained, this equals an estimated average yearly compensation of $57,704 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cclv Luxury Hotel Holding, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,890,600
Business Information - Cclv Luxury Hotel Holding, LLC in Las Vegas, NV
3752 Las Vegas Blvd S
Las Vegas, NV 89158
Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 81,976 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 23 employees, 95% lower than Cclv Luxury Hotel Holding, LLC's reported 490 employees, and received an average PPP loan of $169,775, 97% lower than this company's loan of $5.89M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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