Promise Hotels LLC
- Tina PatelChief Financial Officer · Company website
- Linda HaynesDirector of Human Resources · Company website
How we got $3.6M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 14% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Signs of a sale Unlikely to sell soon
- In business 18 years (since 2008)
- Family in the business (Tina Patel, Chief Financial Officer)
From public records and the company's website, not a statement that it's for sale.
What they do
Promise Hotels is a privately owned hotel development and hospitality management company offering management services and investment opportunities in the mid-scale market.
From the company's website. Industry: Hotels & motels.
Customers & suppliers
Suppliers & brands
- Hilton · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- BROTHER & COMPANY · Tulsa, 1 mi · $27.3M
- NICHOLS GROUP PR-ADMINISTRATION, LLC · Tulsa, 4 mi · $18.7M
- HICORP, INC · Tulsa, 4 mi · $16.0M
- DISTRIBUTECH LLC · Tulsa, 2 mi · $15.7M
- LITTLEFIELD, INC · Tulsa, 4 mi · $11.7M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| PROMISE HOTELS LLC this business | $2.7M | — |
| AIPORT INVESTMENTS II, INC Tulsa · 15 employees | $2.2M | 0.0 mi |
| AIRPORT INVESTMENTS, INC Tulsa · 35 employees | $6.0M | 0.0 mi |
| EXPO ENTERPRISES, INC Tulsa · 10 employees | $1.6M | 0.0 mi |
| FOCUS ENTERPRISES, LLC Tulsa · 10 employees | $1.4M | 0.0 mi |
| HPT ENTERPRISE, INC Tulsa · 20 employees | $3.3M | 0.0 mi |
| ONE PLACE ENTERPRISES, INC Tulsa · 20 employees | $3.5M | 0.0 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.9M |
| Estimate: the two combined (geometric mean) | $2.7M |
| EBITDA margin (industry, adjusted for size) | 28% |
| EBITDA = revenue × margin | $730K |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $3.6M |
| Multiple for this size and industry | 4.9× |
| Value range | $1.9M – $4.9M |
| Revenue range | $1.7M – $3.0M |
| EBITDA range | $480K – $833K |
| Industry (NAICS) | Hotels (except Casino Hotels) and Motels (721110) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingRegent BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Regent Bank PPP 2020, PPP 2021 | All 726 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/8/2020 | first | $76K | 4 |
| 1/17/2021 | second | $100K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Promise Hotels LLC
Promise Hotels LLC is a hotels & motels company in Tulsa, Oklahoma, in business since 2008. It is owned by Pete Patel (President & CEO). Its estimated annual revenue is about $2.7M, with roughly $730K of EBITDA. It has about 14 employees. Its estimated business value is $3.6M (likely range $1.9M–$4.9M).
Common questions
- Who owns Promise Hotels LLC?
- Promise Hotels LLC is owned by Pete Patel (President & CEO), according to public sources such as the company's website or filings.
- How much revenue does Promise Hotels LLC make?
- SeeBITDA estimates Promise Hotels LLC's annual revenue at about $2.7M (likely between $1.7M and $3.0M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Promise Hotels LLC worth?
- About $3.6M, roughly 4.9× its estimated EBITDA of $730K, typical for a hotels & motels company its size. Likely range: $1.9M–$4.9M.
- How many employees does Promise Hotels LLC have?
- About 14, as reported on its PPP loan.
- When was Promise Hotels LLC founded?
- Promise Hotels LLC has been in business since 2008.