Website: https://www.choicehotels.com/ohio/streetsboro/quality-inn-hotels/oh607?mc=llgoxxpx
Location: Streetsboro
County: Portage
Lending Partner: LendingClub Bank
Ownership transitions can open the door to new growth when structured strategically. Nayosha Hospitality LLC provides a strong example of how the right financing solution can support long-term stability and operational efficiency.
About Nayosha Hospitality
Nayosha Hospitality LLC owns and operates the Quality Inn in Streetsboro, Ohio, located in Portage County. The 8,000 square foot hotel sits on two acres and includes 54 rooms. Originally acquired by three partners in September 2021, the ownership group later executed a purchase agreement allowing one owner to acquire 100 percent ownership.
The hotel was fully renovated in 2017, with additional repairs and improvements completed in 2022 under current ownership. Today, the property is in like-new condition and benefits from strong regional demand.
Demand generators include:
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Kent State University
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Blossom Music Center
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Akron-Canton Airport
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Cleveland Hopkins International Airport
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Aurora Outlets
Supporting a Partner Buyout with SBA 504 Financing
OSDC partnered with LendingClub Bank to secure an SBA 504 loan that enabled the partner buyout and transition to full ownership.
This financing structure allowed the business to:
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Complete a smooth ownership transition
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Increase operational efficiency
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Retain all existing jobs
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Create two new jobs
By supporting the ownership transition, the SBA 504 structure helped position Nayosha Hospitality for continued growth in a competitive hospitality market.
Strengthening Local Business Through Strategic Financing
Partner buyouts require careful structuring to protect business stability. This project demonstrates how collaboration between borrower, lender, and OSDC can help facilitate smooth transitions while preserving jobs and strengthening the local economy.
We are proud to have partnered with LendingClub Bank and Nayosha Hospitality to support this next chapter of growth.
To learn more about SBA 504 partner buyouts or other financing solutions, contact us today