Hotel Seeking Loan in Port of Spain, Trinidad
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 | 6:19 PM America / Port of Spain |
| Listed By | Management Member |
| Status | Active |
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 14.7 thousand
Includes physical assets worth
USD
14.7 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
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.
- 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.
Capitalization Overview
Not Disclosed
Tags:
3 Star Hotel Seeking Loan in Port of Spain, Trinidad and Tobago
·4 Star Hotel Seeking Loan in Port of Spain, Trinidad and Tobago
·5 Star Hotel Seeking Loan in Port of Spain, Trinidad and Tobago
·Lend to 3 Star Hotel in Port of Spain, Trinidad and Tobago
·Lend to 4 Star Hotel in Port of Spain, Trinidad and Tobago
·Lend to 5 Star Hotel in Port of Spain, Trinidad and Tobago
·Hotel Seeking Loan in Port of Spain, Trinidad and Tobago
·Motel Seeking Loan in Port of Spain, Trinidad and Tobago
·Lodge Seeking Loan in Port of Spain, Trinidad and Tobago
·Lend to Hotel in Port of Spain, Trinidad and Tobago
·Lend to Motel in Port of Spain, Trinidad and Tobago
·Lend to Lodge in Port of Spain, Trinidad and Tobago
·3 Star Hotel Seeking Loan
·4 Star Hotel Seeking Loan
·5 Star Hotel Seeking Loan
·Lend to 3 Star Hotel
·Lend to 4 Star Hotel
·Lend to 5 Star Hotel
·Hotel Seeking Loan
·Motel Seeking Loan
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
2 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,500+ other businesses of all sizes.
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.
You might also be interested in these businesses