Financing the Purchase of a Hotel
Novice Operators in Missouri
Platte City, MO
Arranging financing for unseasoned hoteliers specially the newcomers to our industry buying their first hotel is always far more challenging. At Scientific Capital a major portion of our effort is spent on newcomers; Among other activities, we help them quality their subject hotel, hand hold our clients throughout the process, engage with the franchisor in managing the approval process, review and advise on their credit standing and whether they need to contact their creditors or the credit bureaus on their credit history reports, and collaborate with the CPA and the attorney of the buyer in establishing the corporation for the acquisition and receiving the properly prepared financials.The seasoned hoteliers manage many of these activities automatically. The satisfaction of closing an acquisition for the newcomers is however very high and our tireless efforts in these closings is one of the factors for having such a high loyalty from our clients. This client called us after nearly 8 years after they first hired us to help them arrange the financing for their first acquisition of an independent motel in Oregon. This client valued and cherished our efforts back in 2009, when in the heart of the worst recession of the US history, we worked hard to arrange financing of their first acquisition.