Services We Offer

Our nationwide network of lenders has the expertise and the capacity to quickly fund any type of hotel capital project. 

We Arrange Financing For:

• New Hotel Development & Construction--Want to build a new franchise prototype hotel from the ground-up?  We can arrange financing for that.
• Acquisition of a Hotel--Want to expand your company's footprint by buying another hotel that has existing in-place cash flow and then renovating it for a brand conversion?  We can assist you with this by providing either bridge or permanent financing, based on the circumstances. 
• Refinancing a single hotel or a portfolio of hotels with long term permanent financing--If your mortgage is maturing, then it is time to refinance.  Additionally, many owners refinance their hotel(s) after several years of paying down debt to harvest their equity (and get their "cash out") by increasing the loan-to-value ratio of the refinancing loan, so they can purchase or develop more hotels.  We can arrange this for you.
• Discounted Note Purchase--Want to become a hotel mortgage holder and be paid mortgage payments each month?  We provide financing for investors to buy distressed, non-performing hotel loans at a substantial discount.
• Bridge financing--We arrange short term financing (2-3 years) for hotel acquisitions, construction projects, and construction loan takeouts.  Bridge loans allow investors the ability to purchase a hotel and then reposition it by undergoing PIP renovations and/or brand conversions with potentially a change in management prior to stabilization and becoming financially attractive in order to secure permanent financing.
• Mezzanine Financing--We can provide a type of subordinate debt financing that is available to fill in a gap between senior debt and equity without giving up any ownership interest.   
• Financial Restructuring--We know how to obtain Debtor-in-Possession (DIP) financing for hotels going through a Chapter 11 Reorganization Bankruptcy.

We at Spirides Hospitality Finance Company have close relationships with dozens of hospitality industry lenders who offer an assortment of financing programs at very competitive rates.  The terms that are quoted by our lenders are determined by many factors.  We are able to obtain for our clients the best financing terms available today subject to these factors which include the borrower, the location, the franchise flag, and property characteristics and financial projections to list just a few.

We know that every deal is unique.  With every transaction opportunity that comes across our desk we at Spirides Hospitality Finance Company take the time and make the effort to understand each client’s unique needs and objectives and to research, analyze, and understand each subject hotel to ensure that a capital structure is created that is adequately serviceable and is in accordance with the client's strategic goals and objectives.

We review each of our client's requirements for funding, and then we identify which capital sources are most likely to fund their proposed project and hold discussions with each of them to obtain the lowest rates and fees and most favorable terms and conditions possible for our clients.  We stay involved in every step of the process up until the transaction is consummated and funds are disbursed.  We do everything in our power to facilitate and expedite the closing process with each client’s new source or sources of capital.  

We charge no upfront fees, and no finance broker success fee is due and payable to our company unless the financing that we arrange is accepted by our client and the transaction is successfully closed.  Many times the lenders will pay our fee so our clients do not have to. 

What are some notable benefits of the loans that we arrange? 

• Fixed or variable interest rate
• Long term loan (7 to 30 years)
• Short term long (up to 2-3 years)
• Fully amortizing loan over the entire term of the loan in many cases
• Up to 90% LTV financing (10% owner’s equity contribution)
• Most closing costs and loan fees and expenses can be financed into the loan
• If you ever decide to sell your hotel, many times your mortgage can be assumed by the buyer
• Ability to refinance your existing debt and even fund an expansion (through an acquisition or construction project) in one transaction      

Other Services We Provide

Hotel Real Estate Brokerage 

Our Founder and President Harry G. Spirides is also a Licensed Real Estate Broker.  Real estate brokerage services are provided by our sister company Spirides Hospitality Realty Company, LLC.  The website for that company is www.hospitality-realty.com.  By seeking out and introducing prospective buyers Mr. Spirides can assist hotel owners with the sale of their hotels which is the ultimate hotel financial liquidity event.

Hotel Construction Project Management & Owner Representation Services

Hotel construction projects are very complicated.  Cost overruns, budget errors, design flaws, schedule delays, change orders, and contractor miscommunication can turn your hotel development dream into a nightmare.  To prevent these things from happening to you we know the most respected hotel construction project management & owner representation company and would be happy to make an introduction.  Just ask.

Hotel Management Services

Let the pros operate your hotel for you and go enjoy life.  We know the most respected hotel management companies in the business and would be happy to make an introduction.  Just ask.

Visit our Contact Us page now to schedule a free telephone consultation on any hotel financing project you are considering.

*All applications for financing are contingent upon the successful underwriting of the capital source(s) which examines among other things the credit quality, financial strength, and industry experience of the borrower and all guarantors of the loan as well as the financial, operational, and market feasibility of the contemplated project. 

Soli Deo Gloria