Hotel Financing and Hotel Mortgages
If you are looking to purchase an Hotel there are few things that you need to keep in mind. Getting a mortgage through a A lender (major banks) may be difficult and may require time. Major banks will look at many factors including the hotel location, if the hotel is associated to a larger brand, the financial history of the hotel. The down payment will also play a key role. In many cases as high as 50% will be required. There are alternative financing and mortgage options to purchase hotels with B lenders or private lenders. The rates are usually higher but a smaller down payment maybe required so that you can keep more working capital for your hotel and B Lenders and private lenders may have less strict requirements. If you are looking to purchase an hotel we suggest you contact us with some additional details and we can explore the different options available based on your requirements.