I called around to some and its neat..one lady said she owns
some franchise hotels and from that also created her own
independent hotels. There are so many throughout the country
and they are a vital part of the Tourist industry. I am
targeting New York but hotel and motel owners across the country
are welcome to call me and explain their situation!
Independent Hotel and Motel Owners have cash flow needs just
like any other business and sees the Holidays as generators of
cash.
Hotels and Motels need to keep their rooms furnished. If a
curtain is set on fire or a bunch of college kids have a beer-fest
in room 201 and throw up over the floor the owner of the hotel may
be stuck with the Bill. The next patron doesn't want to hear
her sob story and just wants a clean bed to sleep in after a long
day's drive. So many different expenses happen at the worst
time for hotel owners. If no body is checking in to cover
these expenses the hotel owner may find they are the ones checking
out.
Hotel owners may need cash from a commercial loan to add more
rooms on a hotel that was neglected by the prior owner. Maybe
the mattresses need to be replaced. Maybe a car crashes into
one of the rooms. Maybe a contractor takes the money and runs
without completing the rehab work. Maybe the hotel catches
fire due to a motivated cigarette. so many maybes and not
enough money.
American Cash Solutions Inc has lenders that specialize in hotel
loans. Some lenders tell us upfront they don't do hotel loans
and we appreciate that feedback. After 9/11 everyone was
still travelling and stayed at motels and hotels. where else
would they stay? Some analyst claimed hotels would suffer
because people would stay home. America did NOT stay
home. We packed our bags and checked in.
Charles G Hennebeul
Proud to Be an American
Commercial Loan Broker
American Cash Solutions Inc
http://www.mybuildingfunds.com
631-368-2219