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Did you know that business travelers account for nearly 75% of airlines’ profits? With so many people traveling for business or pleasure, there’s a demand for quality lodging. If you’re hoping to open a hotel, there’s never been a better time — but you’ll need the right financing to make it happen. Here are several financing options to […]
Getting a Loan for an Extended Stay Property Read More »
There are 132,228 hotels and motels in the US in 2022, an 8.3% increase from 2021. Owning a hotel can be a profitable business. However, like any property owner, a hotel property owner becomes responsible for many aspects of their buildings. These responsibilities include renovations, refinancing, and acquisitions. However, hotel owners cannot make these decisions alone. Instead,
How Do Hotel Management Agreements Affect Hotel Loans? Read More »
Over 80% of hotels in the US are franchised, and maybe you’re ready to join the trend. However, before you open your doors and welcome guests, you’ll need to secure the right financing for your hotel. The good news is that there are plenty of options available for you, from traditional bank loans, to SBA loans,
Financing for a Franchise Hotel Read More »
Did you know that The Peninsula Chicago is considered the best hotel in America? If you want to create an establishment that is as luxurious as this hotel, or maybe even challenge for the top spot, then you’ll need to be careful with your finances. If you hit one or more obstacles during construction, for instance, the
Tips on Managing Hotel Construction Costs Read More »
