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Hotel Seeking Loan in Port of Spain, Trinidad and Tobago

5 room boutique hotel in Newtown, Port of Spain seeks loan to purchase existing property.

Established 20-30 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 60 - 70 thousand
Run Rate Sales USD 21 thousand
EBITDA Margin 30 - 40 %
Industries Hotels
Locations  Port of Spain
Local Time 4:10 AM America / Port of Spain
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Loan
USD 440 thousand for 10.0% annual interest, 8 years (Native Currency: TTD 3,000,000)
Reason: To purchase the hotel we have spent years working at and to expand operations.
Collateral Available: USD 15 thousand
Includes physical assets worth USD 15 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- We are running a 5 room boutique hotel with full services but the property is currently under long term rent and we are looking to purchase it from the owner.

- The business is well established and had 15% revenue increase per year before Covid-19.

- The management team handles the business and wants to acquire the property from the owner.

- Majority customers are business travelers and we have 80% occupancy rate.

- We also provide event catering services and we are listed on some online booking portals for pre-bookings.

- Our run rate sales have dropped by 80-90% due to Covid-19 restrictions.

- We are expecting higher growth rate after the Covid-19 situation is completely under control. We are planning to cut down operations cost by acquiring the long term rent property.

Products & Services Overview

5 rooms, full service, continental breakfast, event catering and rooftop deck.

Assets Overview

Fully furnished building, laundry, kitchen and computer systems.

Facilities Overview

Long term rented property of 2 floors with 5 rooms.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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