Property Type

Hotel & Hospitality Property Loans.

From boutique hotels to flagged limited-service properties — we connect you to lenders who specialize in hospitality financing across all segments and flag affiliations.

75%
Max LTV
6–10%
Rate Range
5–25 yr
Loan Terms
$1M+
Loan Amounts
No credit impact Hospitality specialists Flagged & independent No upfront fees
HOTEL TYPES

What Type of Hotel Are You Financing?

Hospitality is a specialized CRE asset class. Lender appetite depends on flag affiliation, market position, and operating performance.

Limited-Service / Select-Service
Flagged brands, lowest risk
Hampton Inn, Fairfield, Holiday Inn Express. No full restaurant or banquet. Lowest operating costs and highest lender demand. Franchise flag provides brand, reservation system, and loyalty program.
Extended-Stay
Longer stays, apartment-like units
Residence Inn, Home2 Suites, WoodSpring. Kitchen-equipped rooms for weekly and monthly guests. Strong occupancy and lower turnover costs. Growing segment with high investor demand.
Boutique / Independent
Unique properties, higher scrutiny
Non-flagged, design-forward properties. Higher ADR potential but no brand reservation system. Lenders require stronger operating history and higher down payment. Management track record is critical.
FINANCING OPTIONS

Loan Options for Hotel Properties

Hotel lending is more specialized than other CRE. Flag affiliation and operating history significantly affect available options.

SBA 504
Owner-operated hotels, 10–15% down
Rate5.5–7.5% fixed
LTVUp to 85%
Term20–25 years
OccupancyOwner must operate

Ideal for owner-operators buying a flagged hotel. PIP (Property Improvement Plan) costs can be included. Requires hospitality management experience.

Conventional Bank
Established operators, flagged hotels
Rate6.5–9%
LTV60–70%
Term5–20 years
Down Payment30–40%

Banks require strong operator experience, flagged brand, and 2+ years of STR (Smith Travel Research) performance data. Higher down payment than other CRE.

CMBS / Conduit
Stabilized flagged hotels, non-recourse
Rate6.5–8.5%
LTV60–70%
Term5–10 years
Min Loan$3M+

Non-recourse for stabilized, flagged hotels with proven RevPAR. Yield maintenance prepayment. Ideal for portfolio hotel investors.

Bridge / Repositioning
PIP, renovation, flag conversion
Rate9–14%
LTV55–65%
Term12–36 months
UseRenovation + stabilization

Short-term financing for hotel renovations, brand conversions (flag changes), and PIP compliance. Takeout into permanent financing once stabilized.

KEY METRICS

What Lenders Evaluate for Hotel Loans

RevPAR
Revenue Per Available Room
ADR × Occupancy. The #1 performance metric
ADR
Average Daily Rate
Must beat comp set average for strong underwriting
Occupancy
60%+ stabilized
Seasonal markets evaluated on trailing 12-month
DSCR
1.30x+ typical
Higher threshold than other CRE due to volatility
Flag Affiliation
Critical for financing
Marriott, Hilton, IHG, Wyndham, Choice, Best Western
Down Payment
25–40%
Higher than other CRE. 10–15% possible with SBA
THE PROCESS

How Hotel Financing Works

01

Share Your Deal

Property details, room count, flag affiliation, STR data (RevPAR, ADR, occupancy), PIP requirements, and purchase price or estimated value.

02

Submit to BestLoanUSA

Single application. Include your hospitality management experience and operating history. No hard credit pull.

03

Advisor Review with Jason

Jason evaluates your hotel’s flag status, market position, STR performance, and PIP timeline to recommend SBA, conventional, CMBS, or bridge financing.

04

Lender Matching

We submit to hospitality-specialist lenders. Flagged hotels access a wider lender pool. You receive competing term sheets.

05

Underwriting & Appraisal

Hospitality-specific appraisal with income approach, STR comp analysis, and PIP cost review. Provide trailing 12-month P&L, franchise agreement, and management contracts.

06

Close & Operate

SBA: 60–90 days. Conventional: 45–60 days. CMBS: 60–90 days. Bridge: 21–45 days. FF&E reserves typically required post-close.

Ready to Finance Your Hotel Property?

No credit pull. No commitment. See what hospitality financing options are available.

FAQ

Frequently Asked Questions

Why is hotel financing more difficult than other CRE?

Hotels are operating businesses, not just real estate. Revenue fluctuates with occupancy, seasonality, and economic cycles. There are no long-term leases guaranteeing income. Lenders require higher down payments (25–40%), stronger DSCR (1.30x+), and proven management experience to mitigate this risk.

Does having a franchise flag help with financing?

Enormously. Flagged hotels (Marriott, Hilton, IHG, Wyndham, Choice, Best Western) get significantly better financing terms than independent properties. The flag provides a national reservation system, loyalty program, brand recognition, and quality standards that reduce risk for lenders. Some lenders won’t finance independent hotels at all.

What is a PIP and how does it affect financing?

A Property Improvement Plan (PIP) is the franchise brand’s required renovation scope to bring a hotel up to current brand standards. PIP costs can range from $5K to $25K+ per room. Lenders factor PIP cost into the total project. SBA 504 can include PIP in the loan. Bridge loans are common for PIP execution before permanent financing.

Can I buy a hotel with SBA financing?

Yes. SBA 504 is available for owner-operated hotels with as little as 10–15% down. You must actively manage the property (not passive investment). Flagged hotels with an experienced operator get the smoothest SBA approval. PIP and FF&E costs can be included in the total project.

What is an FF&E reserve?

FF&E (Furniture, Fixtures, and Equipment) reserve is money set aside annually for ongoing replacement of hotel room furnishings, lobby furniture, and equipment. Most lenders and franchise agreements require 4–5% of gross revenue deposited annually into an FF&E escrow account.

What STR data do lenders require?

Smith Travel Research (STR) reports showing your hotel’s RevPAR, ADR, and occupancy compared to a competitive set. Lenders want to see trailing 12-month performance at or above the comp set average. STR data is the industry standard for hotel performance benchmarking and is required by virtually all hotel lenders.