Hotel and Motel Financing News and Trends

Get the scoop on what is happening in the hotel financing arena

Hotel and motel financing news and trends make for interesting reading with today's economic conditions. It is critical to keep up with the latest in operations, costs, staff issues and the abundant other issues that hotels deal with every day.

Subscribe to hotel newsletters, go to trade shows and join organizations that will help you understand this volatile field so you can take advantage of the financing that exists and buy your hotel. Take into account the following about hotel and motel financing news and trends:

1. Read hotel and motel newsletters to find out the latest about operations, costs, how to deal with economic times and more.

2. Go to hotel/motel trade shows and expos to meet commercial hotel loan lenders and learn the latest techniques in borrowing.

3. Join hotel/motel trade associations to keep up with the latest information on motel loans.

 

Understand hotel mortgage lenders and their rules for lending

Specific newsletters on the hotel industry focus on issues facing hotel owner/operators. They will also contain articles on financing with the focus on today's issues and how to obtain financing in troubled economic times.
Try: Hotel Resource offers a newsletter about hotel trends. The articles offer information on staff control, economic times, new construction reports and more. Restaurant News Resource offers information regarding hotel trends, expos and trade shows. Lodging Hospitality Ideas offers a newsletter for developers and operators with great articles on all facets of the hotel business.

Experience a trade show and meet hotel lenders face to face

Trade shows provide information about all facets of the hotel business including insight into how financing works and what alternatives there may be to traditional financing.
Try: International Hotel/Motel and Restaurant Show is an excellent place to learn about hotel financing for current times. Call, fax or email them about the specifics of next year's show and read what happened at this year's show. Conventions finds all trade shows by name, organizer, venue, industry and location. Plug in "hotels and resorts" and find all trade shows currently in progress. Attend the ones near you.

Enroll in a hotel/motel association for inside information from motel lenders

Joining an association before you buy your hotel gives you the insider's edge on the financial expectations from people who already went through the hoops. Ask your fellow members for tips, tricks and ideas to get the financing for your new venture.
Try: Maryland Hotel & Lodging Association is a state-wide organization for Maryland hotel owners. Join this organization for great information on the hotel financing industry. Hotel Association of Los Angeles deals with all kinds of industry issues including the latest news and issues. Find out about hotel financing and other details of ownership here.

 

• Compare loan terms from any hotel business financing offers you do receive. Many times the loans are not that much different, but a small difference in term or percentage point can mean the difference of tens of thousands of dollars over the life of the loan.

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