Hospitality Financing
Debt and equity solutions for hotels, resorts, and extended-stay properties across all flags
Specialized Hotel Financing Expertise
Hospitality financing requires specialized expertise due to the operating nature of hotels and their sensitivity to economic cycles, travel trends, and competitive dynamics. George Smith Partners has deep experience in hotel finance, understanding the unique underwriting considerations and lender preferences that drive hospitality capital markets.
From select-service acquisitions to luxury resort developments, our team connects hotel owners and developers with lenders who understand the hospitality business and can structure financing that aligns with operating realities and business plans.
Hospitality Property Types
Full-Service Hotels
Convention hotels, urban full-service, and branded lifestyle properties with extensive F&B and meeting space.
Select-Service Hotels
Focused-service properties with limited F&B, including brands like Marriott Courtyard, Hilton Garden Inn, and Hampton.
Extended-Stay Hotels
All-suite properties designed for longer stays with kitchenettes, including Residence Inn, Homewood Suites, and Staybridge.
Resorts
Destination properties in leisure markets with extensive amenities, often including golf, spa, and beach access.
Boutique & Independent
Unique independent properties and soft-branded boutique hotels in urban and resort markets.
Economy & Limited Service
Budget-friendly properties serving value-conscious travelers, including brands like Holiday Inn Express and La Quinta.
Hotel Underwriting Considerations
RevPAR Performance
Historical and projected revenue per available room relative to competitive set.
Brand & Management
Strength of franchise affiliation and quality of operating management.
Market Dynamics
Supply/demand balance, demand generators, and competitive positioning.
Sponsor Experience
Track record of the owner/operator in hospitality investment and operations.
PIP Requirements
Property improvement plan costs and timing for brand compliance.
FF&E Reserves
Adequate reserves for furniture, fixtures, and equipment replacement.
Hotel Capital Sources
Banks
Regional and national banks providing acquisition, construction, and refinancing for qualified sponsors and markets.
CMBS Lenders
Securitized loans for stabilized hotels with predictable cash flows and strong brand affiliations.
Debt Funds
Bridge and construction financing for transitional situations and value-add repositioning.
SBA Lenders
SBA 504 and 7(a) loans for smaller hotels with owner-operator involvement.