Hospitality

Hotel & Hospitality Financing

Hospitality financing covers hotels, motels, resorts, and specialty entertainment venues. As operating businesses with volatile revenue streams, hospitality properties require lenders with specific expertise in underwriting room revenue, occupancy trends, and management quality. Sources include banks, CMBS conduits, SBA programs, and specialized hospitality lenders.

Apply for Hospitality Financing →
Overview

Hotel & Hospitality Financing

Hotel financing is among the most complex in commercial real estate due to the operating business nature of the asset. Lenders evaluate not just the real estate but also brand affiliation, management quality, competitive set positioning, and market-level supply/demand dynamics. CLS CRE has financed boutique hotels, flagged properties, entertainment venues, and specialty hospitality assets, bringing deep lender relationships and structuring expertise to every deal.

Hospitality Subtypes

  • Full-Service Hotels
  • Limited-Service / Select-Service
  • Boutique & Independent Hotels
  • Extended Stay
  • Resorts & Spas
  • Entertainment Venues
  • Conference & Event Centers
  • Specialty Hospitality (Aquariums, TopGolf, etc.)

Financing Options

  • Bank Permanent Loans
  • CMBS
  • SBA 504 / 7(a)
  • Bridge Loans
  • Construction & Renovation
  • Mezzanine & Preferred Equity
Track Record

Hospitality Transactions

A selection of hospitality deals we have closed nationwide.

Hotel - Miami, FL
Bridge
$31,000,000
Hotel
Miami, FL
Bridge financing for a boutique hotel repositioning in Miami Beach’s Art Deco Historic District, funding a comprehensive renovation to capture surging leisure and business travel demand in South Florida.
TopGolf / Specialty - Fort Myers, FL
Permanent
$27,500,000
TopGolf / Specialty
Fort Myers, FL
Specialty entertainment venue financing for a nationally branded tenant with long-term lease structure in Southwest Florida.
Hospitality Full-Service Hotel - Honolulu, HI
Permanent
$19,500,000
Hospitality Full-Service Hotel
Honolulu, HI
Permanent financing for a full-service hotel on Oahu, capitalizing on Hawaii's irreplaceable tourism market and supply-constrained hospitality landscape that consistently supports premium RevPAR performance.
Hotel - Washington, DC
Permanent
$18,000,000
Hotel
Washington, DC
Specialty financing for a boutique hotel in DC’s Dupont Circle neighborhood, catering to business travelers and international visitors with strong year-round occupancy driven by government and diplomatic activity.
Hotel Rehabilitation - Santa Barbara, CA
Construction
$8,000,000
Hotel Rehabilitation
Santa Barbara, CA
Comprehensive hotel rehabilitation in Santa Barbara's premium hospitality market, upgrading to boutique luxury positioning.
Boutique Hotel - New Orleans, LA
Bridge
$6,800,000
Boutique Hotel
New Orleans, LA
Bridge financing for a boutique hotel in the New Orleans Warehouse District during a comprehensive renovation, repositioning the property to capture premium rates in one of the nation's top tourism markets.

Hospitality Financing by City

Los Angeles, CA
Hospitality Loans
New York, NY
Hospitality Loans
Phoenix, AZ
Hospitality Loans
Dallas, TX
Hospitality Loans
Houston, TX
Hospitality Loans
Miami, FL
Hospitality Loans
Atlanta, GA
Hospitality Loans
Chicago, IL
Hospitality Loans
Denver, CO
Hospitality Loans
Seattle, WA
Hospitality Loans
San Diego, CA
Hospitality Loans
San Francisco, CA
Hospitality Loans
Austin, TX
Hospitality Loans
Nashville, TN
Hospitality Loans
Tampa, FL
Hospitality Loans
Charlotte, NC
Hospitality Loans
Minneapolis, MN
Hospitality Loans
Portland, OR
Hospitality Loans
Las Vegas, NV
Hospitality Loans
Orlando, FL
Hospitality Loans
Raleigh, NC
Hospitality Loans
Salt Lake City, UT
Hospitality Loans
San Antonio, TX
Hospitality Loans
Kansas City, MO
Hospitality Loans
Columbus, OH
Hospitality Loans
Indianapolis, IN
Hospitality Loans
San Jose, CA
Hospitality Loans
Philadelphia, PA
Hospitality Loans
Washington DC, DC
Hospitality Loans
Detroit, MI
Hospitality Loans
Boston, MA
Hospitality Loans
Baltimore, MD
Hospitality Loans
Sacramento, CA
Hospitality Loans
St. Louis, MO
Hospitality Loans
Pittsburgh, PA
Hospitality Loans
Cincinnati, OH
Hospitality Loans
Cleveland, OH
Hospitality Loans
Jacksonville, FL
Hospitality Loans
Milwaukee, WI
Hospitality Loans
Memphis, TN
Hospitality Loans
Oklahoma City, OK
Hospitality Loans
Louisville, KY
Hospitality Loans
Richmond, VA
Hospitality Loans
Virginia Beach, VA
Hospitality Loans
New Orleans, LA
Hospitality Loans
Birmingham, AL
Hospitality Loans
Hartford, CT
Hospitality Loans
Tucson, AZ
Hospitality Loans
Boise, ID
Hospitality Loans
Omaha, NE
Hospitality Loans
Tulsa, OK
Hospitality Loans
Honolulu, HI
Hospitality Loans
Albuquerque, NM
Hospitality Loans
El Paso, TX
Hospitality Loans
Riverside, CA
Hospitality Loans
Charleston, SC
Hospitality Loans
Greenville, SC
Hospitality Loans
Knoxville, TN
Hospitality Loans
Fort Worth, TX
Hospitality Loans
Savannah, GA
Hospitality Loans

Financing Programs

Hospitality properties qualify for a variety of commercial loan programs. Explore your options.

Permanent Loans
5.34% - 8.25%
Construction Loans
6.23% - 13.04%
Bridge Loans
6.79% - 13.04%
SBA Loans
5.54% - 8.25%
Mezzanine & Preferred Equity
10% - 18%
Specialty Financing
5.54% - 13.04%

Related Insights

Market Insights

Hospitality Investing in Boston: A Complete Guide

A comprehensive guide to hospitality investing in Boston, covering market metrics, property subtypes, financing options, top submarkets, and the investment thesis for 2026.

Trevor DamyanApril 14, 2026
Market Insights

Hospitality Investing in Charlotte: A Complete Guide

A comprehensive guide to hospitality investing in Charlotte, covering market metrics, property subtypes, financing options, top submarkets, and the investment thesis for 2026.

Trevor DamyanApril 13, 2026
Market Insights

Hospitality Investing in Tampa: A Complete Guide

A comprehensive guide to hospitality investing in Tampa, covering market metrics, property subtypes, financing options, top submarkets, and the investment thesis for 2026.

Trevor DamyanApril 12, 2026
FAQ

Hospitality Financing FAQ

Hotel lenders evaluate revenue per available room (RevPAR), occupancy rates, average daily rate (ADR), brand affiliation, management quality, competitive set positioning, market supply/demand dynamics, and the property's physical condition and capital expenditure needs.
Hotel loan rates range from 6.00% to 9.00%+ for permanent financing, with flagged properties at the lower end and independent hotels at the higher end. Bridge and renovation loans range from 8.00% to 13.00% depending on the transition plan.
Yes. Owner-operated hotels qualify for SBA 504 and 7(a) financing with up to 85-90% leverage. This is ideal for smaller, independent hotels where the owner actively operates the business. Flagged hotels may also qualify if the owner meets SBA requirements.
Generally yes. Hotels are considered higher risk due to their operating business nature and revenue volatility. Rates are typically 50-200 basis points higher than comparable multifamily or industrial financing, and leverage may be more conservative.
Most hotel lenders require a minimum debt service coverage ratio (DSCR) of 1.35x to 1.50x, compared to 1.20x to 1.25x for stabilized multifamily or industrial properties. Higher DSCR requirements reflect the operating business risk inherent in hospitality assets.

Finance Your Hospitality Property

Contact CLS CRE for a free, no-obligation quote on hospitality financing. We respond within 24 hours.

Apply for Financing →
Or call us: 310.758.4042

Weekly Market Intelligence

Rate updates, deal insights, and capital markets analysis. One email per week. Unsubscribe anytime.

No spam. No selling your data. Just market intelligence from a working broker.

Need financing? Apply in 2 minutes. Response within 24 hours.
Apply Now →
📈

Before You Go…

Get matched with the right lender from our network of 1,000+ capital sources.

Or call us: 310.758.4042

No spam. Unsubscribe anytime.