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  5. ECONOMY INNS, INC.

ECONOMY INNS, INC.

Company Details

Name: ECONOMY INNS, INC.
Jurisdiction: MISSISSIPPI
Business Type: Profit Corporation
Status: Good Standing
Effective Date: 23 Jan 1984 (41 years ago)
Business ID: 513991
ZIP code: 39531
County: Harrison
State of Incorporation: MISSISSIPPI
Principal Office Address: 1870 Beach Blvd BILOXI, MS 39531

Agent

Name Role Address
Desai, Madhusudan K. Agent 7921 Lamar Poole Road, Suite 405, Biloxi, MS 39532

Director

Name Role Address
Madhusudan K Desai Director 7921 Lamar Poole Road, Biloxi, MS 39532
Bharti M Desai Director 7921 Lamar Poole Road, Biloxi, MS 39532

President

Name Role Address
Madhusudan K Desai President 7921 Lamar Poole Road, Biloxi, MS 39532

Secretary

Name Role Address
Bharti M Desai Secretary 7921 Lamar Poole Road, Biloxi, MS 39532

Filings

Type Status Filed Date Description
Annual Report Filed 2024-01-23 Annual Report For ECONOMY INNS, INC.
Annual Report Filed 2023-04-17 Annual Report For ECONOMY INNS, INC.
Annual Report Filed 2022-01-10 Annual Report For ECONOMY INNS, INC.
Annual Report Filed 2021-01-19 Annual Report For ECONOMY INNS, INC.
Annual Report Filed 2020-02-28 Annual Report For ECONOMY INNS, INC.
Annual Report Filed 2019-03-14 Annual Report For ECONOMY INNS, INC.
Annual Report Filed 2018-10-17 Annual Report For ECONOMY INNS, INC.
Notice to Dissolve/Revoke Filed 2018-09-07 Notice to Dissolve/Revoke
Annual Report Filed 2017-04-14 Annual Report For ECONOMY INNS, INC.
Annual Report Filed 2016-03-14 Annual Report For ECONOMY INNS, INC.

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
3785047205 2020-04-27 0470 PPP 1870 BEACH BLVD, BILOXI, MS, 39531-5208
Loan Status Date 2021-08-10
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 29204
Loan Approval Amount (current) 29204
Undisbursed Amount 0
Franchise Name -
Lender Location ID 39155
Servicing Lender Name The Peoples Bank
Servicing Lender Address 152 Lameuse St, BILOXI, MS, 39530-4214
Rural or Urban Indicator U
Hubzone N
LMI Y
Business Age Description Existing or more than 2 years old
Project Address BILOXI, HARRISON, MS, 39531-5208
Project Congressional District MS-04
Number of Employees 12
NAICS code 721110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 39155
Originating Lender Name The Peoples Bank
Originating Lender Address BILOXI, MS
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 29564.18
Forgiveness Paid Date 2021-07-19

Court Cases

Docket Number Nature of Suit Filing Date Disposition
0900623 Fair Labor Standards Act 2009-08-13 settled
Circuit Fifth Circuit
Origin original proceeding
Jurisdiction federal question
Jury Demand Plaintiff demands jury
Demanded Amount 0
Termination Class Action Missing
Procedural Progress no court action
Nature Of Judgment Missing
Judgement missing
Arbitration On Termination Missing
Office 1
Filing Date 2009-08-13
Termination Date 2010-02-25
Date Issue Joined 2009-11-30
Section 0201
Sub Section FL
Status Terminated

Parties
Name BOND
Role Plaintiff
Name ECONOMY INNS, INC.
Role Defendant

Related by officers

Madhusudan K Desai

Biloxi Hilton, LLC Juvanna, LLC Exit 50 Hotels Corp

Bharti M Desai

Exit 50 Hotels Corp

Related by address

No related companies by address

Date of last update: 12 Mar 2025

Sources: Mississippi Secretary of State

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