Historic Coronado Motor Hotel

New Markets Tax Credit Coalition

Yuma,
(2020)

Historic Coronado Motor Hotel

Business Development

The Historic Coronado Motor hotel provides services to tourists and travelers while also providing jobs to the local community.

Investment

NMTC Amount: $1,454,000
Total Project Cost: $1,454,000

IMPACT

CDEs

Prestamos CDFI

Investor

Unknown

Project Description

Yuma Landing Company (operator of the Historic Coronado Motor Hotel) has been in operation for over 80 years, the Historic Coronado Motor hotel provides services to tourists and travelers while also providing jobs to the local community. NMTC financing was be used for building improvements, refinancing existing debt to improve business cash flow and to pay associated closing costs.

MAP

Address: 233 South 4th Avenue, Yuma,

Census Tract: 4027011800

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