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First Bay-Area Modular Hotel Open for Business

Hotel LoansModular construction strategies are becoming more popular throughout the industry. The recent opening of the Bay Area’s first modular hotel project, Home2 Suites by Hilton, demonstrates this trend. Acquiring the right hotel loans will provide the necessary funding to explore modular building methods and to promote the highest return on investment. Here are some of the highlights of the Home2 Suites project and the modular building processes used in its construction.

The Specifics of the Hilton Modular Hotel

The Home2 Suites project not only represents a first for the Bay Area but also a first for Hilton in modular hotel construction. The property encompasses 57,000 square feet and includes 155 suites complete with kitchen, a game room, shared spaces and a combined laundry and fitness areas. Hilton also included solar panels capable of producing almost half of the necessary energy to power these spaces. A bio-retention pond located on the property will filter run-off, which will help to reduce the carbon footprint of this innovative hospitality development. Free internet access and pet-friendly policies round out the exceptional amenities included in the Home2 Suites guest experience.

Benefits of Modular Construction

Modular building methods will typically speed up the construction process, reducing the cost of labor and providing the best return on investment for your project. It may even provide added support in acquiring the right hotel construction financing for your needs. Because the components of the building are created offsite under controlled conditions, weather is no longer a major factor in the ability to produce these components. This allows higher standards of quality for the components by allowing testing before they are put to use in building the hotel.

Determining the Right Approach to Financing

Because modular construction is relatively new to the hospitality industry, companies may find it difficult to obtain the right hotel loans for these types of projects. An experienced hotel loan and financing company can help you obtain quick approval for desirable financing for modular hotel projects.

At Stonehill, we specialize in the hotel loans you need to achieve your goals in the hospitality industry. Our hotel financing team will work with you to ensure the best solutions for your needs and your upcoming projects. Give us a call today at 713-666-2544 to discuss your funding requirements with our team. We look forward to the chance to serve you.