PPP Loan Data — HSL Cottonwood RC Hotel, LLC, Tucson, AZ
HSL Cottonwood RC Hotel, LLC is a limited liability company (LLC) located at 3901 E. Broadway Blvd. in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,060,000.00 in April, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
HSL Cottonwood RC Hotel, LLC in Tucson, AZ received a Paycheck Protection Loan of $3.06M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, HSL Cottonwood RC Hotel, LLC's total 2019 payroll expenses were approximately $14.69M in order to qualify for the PPP loan amount received.
Based on their reported 335 jobs retained, this equals an estimated average yearly compensation of $43,845 per employee1.
Business Information - HSL Cottonwood RC Hotel, LLC in Tucson, AZ
3901 E. Broadway Blvd.
Tucson, AZ 85711
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-02
Similar Companies near Tucson
In the Tucson area, 15 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 65 employees (compared to this company's 335) and received an average PPP loan of $554,088 (compared to this company's $3.06M).
Similar Nearby Businesses Who Received PPP Funding:
HSL El Conquistador, LLC
HSL Wilmot Hotel, LLC
TNB Tucson, LLC
HSL Hotel Opportunity Fund III, LLC
Aztec Inn Properties, LLC
Lodge Partners, LLC
Broadway Hotel One, LLC
Shreeji Nivas Corp
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 94% lower than HSL Cottonwood RC Hotel, LLC's reported 335 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $3.06M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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