Hotel Financing

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Financing

Interstate Hotels & Resorts has partnered with Hospitality Funding to assist hotel owners with their financing needs. Interstate and Hospitality Funding have been working together with various debt and equity sources since 2010 and have successfully executed numerous projects. Headquartered in Palm Beach, Fla., with offices in New York and Chicago, Hospitality Funding executives are familiar with markets nationwide.

Hospitality Funding may assist owners with a variety of financing needs.

  • Acquisition Financing. Typically up to 80% of cost, LIBOR based plus 200-700bps depending on recourse, leverage, debt yield, location, etc.
  • Renovation Financing. Typically up to 80% of cost, LIBOR based plus 200-700bps depending on recourse, leverage, debt yield, location, etc.
  • Construction Financing. Typically up to 75% of cost, LIBOR based plus 250-900bps depending on recourse, leverage, location, etc.
  • Long-term Financing. Five-to-10 year loans with or without recourse, up to 75% LTV.
  • Land Loans. Typically up to 60% of cost, one-to-two years, LIBOR based plus 500-1200bps based on recourse, leverage, location, etc.
  • JV Equity. Institutional equity partners looking to invest in hospitality assets. Hotel owner typically must invest 5%-10% of the equity needed. Terms vary based on deal specifics.

Contact Interstate Hotels & Resorts’ business development, or visit www.hospitalityfunding.com for further information.