What do I need for my Business Loan Application?
Lending institutions will require a list of documents prior to closing on a loan. This is a list of documents that most lenders will require you to provide.
A Tale of Two Entrepreneurs
Open an independent hotel or buy a franchise? The pathways that Priya and Fernando followed reveal how their personalities influenced this decision. Learn more in this short video, then consider how your disposition might shape your journey.
Loan Process
Most hotel owners utilize loans to finance the construction or purchase of the hotel. Here are the steps in the process of acquiring a loan.
Understanding Franchise Fees
There are many benefits to being apart of a franchise. Part of being a franchise is paying franchise fees. Use this document to better understand the types of fees that are typically charged.
Finding the Right Location
Starting a new hotel project can be an exciting process. Finding the right piece of land can be essential in opening a successful hotel that helps you meet your profitability goals. While looking for the right location, it is important to consider the type of hotel you want to build. If there is not enough…
Pathways to Hotel Ownership
Hotel ownership can look considerably different from one owner to another. The perfect ownership model is one that best meets an owner’s needs and goals. Below are some of the most common ownership models. Partnership Owning a hotel requires capital. Combining resources with partners is one path to hotel ownership. Depending on the agreement, some…