You might associate hotel construction financing with new construction where you build a brand new hotel from the ground up. However, this type of financing can also be used for major renovations to hotels. For instance, many investors are buying distressed properties and giving them a major makeover to make them profitable again. In this […]
Creating a Business Plan for Hotel Construction Financing
If you’re planning on building a hotel from the ground up, then you’ll need hotel construction financing. These types of loans help you acquire the land and build the hotel of your dreams. However, it’s important to note that you will need to sort out some details first. For instance, you will need a solid […]
Guide to the Hotel Development Process
If you’re relatively new to the hotel development process, you might wonder how it works. For instance, when do you secure hotel construction financing? When do you choose a location? Do you need financing before you finalize hotel designs and construction contracts? We will answer these questions and more in this blog. Read on to […]