Hotel Seeking Loan in Port of Spain, Trinidad and Tobago

- 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.

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

Fully furnished building, laundry, kitchen and computer systems.

Long term rented property of 2 floors with 5 rooms.