PPP Loan Data — Roosevelt Hotel, LLC,
Los Angeles, CA
Roosevelt Hotel, LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Los Angeles, CA

Roosevelt Hotel, LLC is a limited liability company (LLC) located at 7000 Hollywood Blvd in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,796,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
360Loan Approved:
2020-04-06Lender:
EAST WEST BANKRoosevelt Hotel, LLC received a Paycheck Protection Loan of $3.8M through EAST WEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Roosevelt Hotel, LLC's total 2019 payroll expenses were approximately $18.22M in order to qualify for the PPP loan amount received.
Based on their reported 360 jobs retained, this equals an estimated average yearly compensation of $50,613 per employee1.
Business Information - Roosevelt Hotel, LLC in Los Angeles, CA
7000 Hollywood Blvd
Los Angeles, CA 90028
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-28Similar Companies near Los Angeles
In the Los Angeles area, 42 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 360) and received an average PPP loan of $277,921 (compared to this company's $3.8M).
Similar Nearby Businesses Who Received PPP Funding:
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LM Orchid Investments LLC
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76 Sunset LLC
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Joseph A Blum And James Duffin
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Tropicana LLC
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Hollywood Hills Hotel, LLC
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JAY Kay Hospitality Inc.
Hollywood, CA
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 Roosevelt Hotel, LLC's reported 360 employees, and received an average PPP loan of $161,149, 96% lower than this company's loan of $3.8M.
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.
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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