Buying a hotel typically means a commercial mortgage. Mortgages for hotels are different to other businesses as there's an element of goodwill within the price you are paying, the goodwill element of the value relates to the profitability of the business and is added to the property value to give the full Market Value (MV).
Hotel mortgage lenders look at the accounts of the hotel and the background of the buyer and will lend up to 70% of the Market Value of the hotel.
Through Acorn.finance you will access a market leading panel of lenders to ensure the most competitive interest rates and repayment terms of up to 25 years.
Every project is considered with our specialist development lender panel and your long term requirements.
Up to 60% of the finished value of the hotel can be funded, if the site is already owned then that could easily be 100% of the conversion or build costs.
Hotel asset finance can be used to purchase almost all the equipment and furniture needed to operate your hotel.
Hire purchase or lease purchase can be used to spead the cost of equipment or vehicles over a term of 3 to 5 years.
Finance leasing allows for lower payments and the option to return the equipment at the end of the term and replace it, or following payment of a balloon payment, taking ownership.
Hotel Refurbishments can be funded by commercial mortgages - for larger projects, asset finance or business loans for smaller projects.
For your refurbishment our funding experts will assess the ideal combination of the funding options available to suit your cash flow and plans.
One of the UK’s leading business finance brokers Acorn.finance have specialised in arranging commercial mortgages, loans and other finance for the hotel and hospitality sectors since 1997, winning 6 best UK broker awards along the way.
A national group, Acorn.finance has a specialist advisor near you, a lending panel comprising over 300 specialist finance institutions.
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