Independent hotels, motels and inns in DeLand, Florida can send funding requests through Sableport Capital Group to its funding partners for renovations, furnishings, equipment and working capital. Traveler accommodation counted 152 employer establishments in Volusia County, FL in 2023. Buying the building, or a mortgage on it, is a separate kind of lending this site does not arrange.
At a glance
- Hotels and motels with employees, Volusia County, FL
152 (County Business Patterns 2023)
- Hotel and motel employees
2,396 (County Business Patterns 2023)
- Hotel and motel payroll
$87.2 million (County Business Patterns 2023)
Hotel Lenders and What They Fund Inside the Building
Traveler accommodation, the Census group for hotels, motels and inns, counted 152 employer establishments in Volusia County, FL in 2023, with 2,396 employees and $87.2 million in payroll, about $36,393 per employee (our arithmetic; County Business Patterns 2023). 44.7% had fewer than five employees.
Hotel lenders split into two groups. Mortgage and commercial real estate lenders finance the building, which this site does not arrange. Equipment funders, banks and specialty funders finance what goes inside it and the business's working capital, which is what this page covers.
Hotel FF&E Financing for Independent Hotel Owners
FF&E, short for furniture, fixtures and equipment, is the industry term for everything in a room that is not part of the structure: beds, case goods, lighting, televisions, carpet and drapery. It wears out on a cycle, and replacing it is a capital purchase that suits equipment financing or a term loan matched to the furnishings' life.
Illustration only, invented figures: replacing FF&E costs an invented $2,650 per room for a basic soft-goods refresh in this case; a full case-goods replacement costs more. A quote per room type keeps the request precise.
Hotel Business Loans for DeLand, FL Independent Owners
- Twelve months of bank statements and booking-platform payout reports.
- Occupancy and average daily rate by month, if the property system tracks them.
- Renovation quotes by room type.
- Any franchise agreement and its required improvements.
- The latest business and personal returns.
Hotel Financing Lenders: Comparing Offers on a Renovation
- Whether the offer is a term loan, an equipment loan or a lease.
- The rate, term and total cost in dollars.
- Whether the furnishings or a blanket lien secure it.
- Any personal guarantee.
- Whether a franchisor must approve the work.
The term loan page explains fixed installments.
Hotel Renovation Financing for Lodges and Inns
Illustration only, invented figures: a 36-room motel refreshes every room at $6,200 a room, $223,200 in all (our arithmetic). Financed over 72 months at an invented 10.5% annual rate, that is about $4,191 a month (our arithmetic). A reviewer sets the payment against the property's revenue in its weakest months, read from the statements.
Phasing the work, a floor or a wing at a time, keeps rooms available to rent while it happens. Permits and contractor quotes belong in the file.
A Small Business Loan for Volusia County, FL Motels and Small Hotels
A small motel's request rests on the owner's records as much as the property's: deposits, booking payouts, the owner's credit and how long the business has run. Laundry, housekeeping and front-desk wages are the fixed weekly costs; booking payouts arrive on the platforms' own schedules.
Illustration only, invented figures: a property's weekly payroll is $16,800, paid before the week's platform payouts land. A line of credit covers that timing.
Commercial Laundry and Kitchen Equipment for a Hotel
Illustration only, invented figures: $44,000 of commercial washers, dryers and a folding table over 60 months at an invented 9.5% annual rate cost about $924 a month (our arithmetic). A breakfast room's kitchen equipment, ice machines and property-management systems are financed the same way.
The equipment page sets washer leases beside washer loans.
A Commercial Loan for a Hotel Business, Not the Building
A commercial loan for the hotel business can fund working capital, a renovation or equipment, secured by the business's assets. It is different from a commercial mortgage, which is secured by the real estate. Read every offer to see which assets it pledges.
Accommodation and food services together counted 1,373 employer establishments in Volusia County, FL in 2023 (County Business Patterns 2023).
Owner Financing When Buying a Motel Business Around DeLand, FL
When a motel changes hands, the seller sometimes carries part of the price as a note. For the business side of the sale, a buyer can combine that seller note with a term loan for furnishings and working capital. The real estate side is a mortgage question outside this site. Read the seller note's terms beside any partner's offer, since both sit on the same revenue.
The article on how small hotels pay for room refreshes prices a refresh with invented figures.
By Sableport Capital Group · Updated