September 27, 2022

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Hutch Joseph Investments get PPP loan on closed Atrium Hotel

The owner of the Atrium Hotel in Hutchinson was approved for a federal Paycheck Protection Program loan in April – four months after the hotel closed.

Texas-based Herring Bank granted the $133,400 loan to Hutch Joseph Investments LLC. The business owner, Joshua Joseph, lives in the Dallas area.

Details publically released about the loan show the loan application was based on retaining 53 employees.

Joseph acknowledged that was the number of people employed there when the property suddenly closed on Dec. 20, 2019.

Joseph told The News this week, however, that the loan was to maintain and provide security for the property.

“We still have a mortgage and people working around there, security and things,” he said.

He declined to say how many people he is currently employing at the property, but entrances to the hotel were boarded up in recent weeks because of repeated break-ins.