This USDA B&I refinance loan is to provide permanent financing for a 73 room hotel that employs 16 people.

The hotel is a 3-story, 73-unit limited-service hotel known as the La Quinta Inn & Suites, Fort Myers Airport. It includes amenities such as a meeting room, state of the art business center, breakfast dining area, indoor swimming pool with whirlpool, fitness center and guest laundry. The property is situated on 1.81 acres and enjoys a favorable location near the interchange of Interstate 75 and Daniels Parkway. These are two heavily traveled corridors spanning from Six Mile Cypress Parkway on the west side to the Southwest Florida International Airport on the east side.

The Fort Myers area is primarily known for its resorts and beaches and the surrounding shopping, arts and special-event venues. It is home to Southwest Florida’s busiest airport, making it a primary destination for domestic and international travelers. The region offers over 130 public and private golf courses, a growing retirement population, is the home to numerous colleges and universities and hosts spring training activities for Major League Baseball’s Boston Red Sox and Minnesota Twins clubs. The local market appears to be trending upward and expected growth trends reflect strong lodgings demand in this area.