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    Hotels Seeking Loan in Port Of Spain

    Showing 1 - 1 of 1 Hotels Seeking Loan in Port Of Spain. Lend to a Hotel, Motel, Lodge, 3 Star Hotel, 4 Star Hotel or a 5 Star Hotel.

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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.
    - 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.
    6.5   Port of Spain
    Run Rate Sales
    USD 21 thousand
    EBITDA Margin
    30 - 40 %
    Business Loan
    USD 440 K at 10%
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