Funding For Hotel Fit Outs
Leasing, asset finance and business loans are a key source of funding to the UK hotel fit out sector. Here at Fit Out Finance, we can arrange finance for a small privately owned single hotel through to the largest UK hotel brands.
Many of our clients are small independent hotel groups operating estates with up to five hotels. The UK hotel sector is a growing market, with over 45,000 hotels in the UK servicing about 750,000 hotel rooms. We are proud to be involved in this sector and to assist in its development.
Finance and funding is one of the key factors that all hotel business owners must take into account when looking to buy or develop a hotel, or later looking to upgrade or refurbish it.
Hotel premises fit out finance and the use of bank funding
In most cases, our clients have good relationships with banks who have funded their freehold or long-leasehold premises. Smaller chains may have a high net worth individual backing the operation or have been able to source funding from other business loan companies.
So where does Fit Out Finance step in? We are happy to fund refurbs, rolling maintenance or major new projects, usually without taking any security over the property. The great news is that any lease, asset finance or business loan we put in place will not affect your existing hotel funding facilities.