Hotel funding is a specialist area of funding arranged by Sterling Capital Reserve Ltd, a well established and well respected Commercial Finance Brokerage.
Our specialist Commercial Finance Brokers have extensive experience in arranging loans, mortgages, bridging loans in respect of all manner of guest houses, hotels and restaurants.
A Hotel is a unique business and Hotels vary significantly from the small guest house to the large national chains. As you would expect, there are different types of funding available to Hotels from a wide source of lenders.
We can arrange finance for new purchases or refinances.
Hotel funding can be obtained for:
So whether you are looking for finance for a Hotel acquisition or a Hotel refinance, we can help.
Unlike most brokers, we do not charge up front fees for hotel funding.
For Robert Smith, the Plough and Harrow Hotel in Birmingham was something that he could not bear to part with; however, the other two partners in the Company which owned the hotel, were wanting to retire, which put Robert under pressure to find the funds to buy the pair out!
The Plough and Harrow Hotel dates back to the 1700’s when it was originally used as a Wayside Inn, and since its purchase in 2010, the property has been transitioning through sympathetic renovation – all in keeping with its original country house style, but now able to offer 45 comfortable and spacious en-suite rooms, 6 meeting rooms of varying sizes and a spacious function room.
With its’ city centre position - just 10 minutes’ walk from Birmingham’s Broad Street, it is a prime location for Overseas Visitors, Corporate Functions, Weddings and Themed City Breaks.
So, in a bid to solely retain the business, Robert started an urgent search for suitable funding and approached Andrew Hunt at Sterling Capital Reserve. Andrew was able to assist Robert with the “Buy-Out”, by sourcing 90% of the required funding, against the Hotel premises with a normal commercial terms loan.
Delighted with the results, Robert can now forge ahead with further development of his Hotel business – he said “Sterling Capital Reserve quickly proved themselves to be extremely knowledgeable and provided excellent guidance and advice from the moment we first met until the deal was concluded. I hope to be doing business with them again soon and would recommend their services to anyone looking to raise finance”.
Sterling House, 5 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550 - Map and Directions to our Head Office
Parkway Business Centre, The Quadrant, Parkway Business Park, Sheffield S9 4WG
Tel: 0114 224 5511 - Map and Directions to our Yorkshire Office
ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.