Hotel & Motel Finance
Is it time to refurbish your hotel or motel?
Whether your property is freehold or leasehold it is imperative that regular refurbishments are undertaken to ensure that the property remains relative and continues to deliver strong profits.
A refurbished property will typically result in increased occupancy rates and well as increased average daily rates. A modernised property will also generally achieve a higher sale price should you wish to exit the business at some point in the future.
Our affordable funding solutions allow you to refurbish your property without having to part with your hard earned capital. Instead, you can upgrade your property now and then pay it off over your chosen term whilst enjoying the increased revenue a refurbished property normally brings.
Our Funding Solutions
Are you a hotelier who needs funding to undertake property refurbishments and improvements? CFI Accommodation Finance have flexible funding solutions to suit your needs.
The Operating Lease allows you to own your equipment over a fixed term. Choose your preferred term from 3, 4 or 5 years and have the confidence of knowing you can own the assets at the end of the term. Repayments can be 100% tax deductible and residual values can be considered if required.
If you prefer to own and depreciate the assets then we also offer a Chattel Mortgage. However don’t forget that repayments on a Chattel Mortgage are not 100% tax deductible. You can choose your preferred finance term and we will consider residual values where necessary.
A business loan can be used for starting, running or growing a business particularly when the requirements are not related to Equipment or Fitout.
The loan term can range from 12 months to 5 years and only the interest component of the repayments are tax deductible.
The Funding Process
At CFI Accommodation Finance we take the stress out of funding improvements to your hotel and motel, and aim to make the process fast and easy. We know that you would appreciate a simple process, so we have delivered.
Apply online with CFI Accommodation Finance. Our easy application takes 10 minutes.
Choose form our industry tailored finance solutions above.
Send us the invoices you would like us to fund.
Sign the contract and we pay your supplier directly.
Get started on your accommodation project today!
Why choose us to fund your hotel or motel?
CFI Accommodation Finance are leaders in hotel and motel finance, and our funding solutions come with a range of benefits.
What you should have to be application ready?
Being preparedis an important part of any finance application, below is a list of items you should have on hand to be application ready.
For loans under $50,000
For loans of over $50,000
Each application is assessed on a case by case basis, requirements may vary.
Ready to Apply? Get started today!
Frequently Asked Questions
Here are answers to our most common questions, however if you have any different queries or want more information, you can always talk to one of our friendly team members.
The Application Process
Simply complete our easy Online Application Form.
In most cases, CFI Accommodation Finance can give pre-approval within 24 hours of receiving your application.
CFI Accommodation Finance can fund any assets relevant to your hotel & accommodation business. This ranges from serialised assets, non-serialised assets and custom built equipment. We can also fund full fit-outs and refurbishments.
Some examples of what we can fund include:
– Room Refurbishments
– Bedding & Soft Furnishings Upgrades
– Bathroom & Amenities Upgrades
– Restaurant & Dining Upgrades
– Technology & Software Upgrades
– Branding & Signage Requirements
– Change of Ownership & Re-Sale Requirements
The Payment Process
CFI Accommodation Finance contracts will include a Direct Debit Authority for you to complete. This allows for the electronic transfer of your repayments, from a bank account of your choice.
You will need to complete a new Direct Debit Authority. Call our friendly team on 1300 659 675 and we will email you a new direct debit authority for electronic signing.
Equipment Related Questions
The ongoing service, maintenance and repair of the items and equipment in the contract is your responsibility. Don’t forget that all new equipment comes with a manufacturers warranty for a minimum of 12 months.
If your equipment happens to break down, you should immediately contact the equipment supplier and check whether the warranty is still valid. If your equipment supplier is unable to assist, please contact our team and we can aid in referring you to a repairer.
Contract Related Questions
If your contract is an operating lease or a rental agreement, CFI Accommodation Finance will email you about one month before the end of your contract term to provide you with the options available to you.
If your contract is a chattel mortgage or business loan, then your agreement will simply terminate at the end of the contract term.
If you would like to discuss your options sooner, please call our friendly Customer Service team on 1300 659 676.
Not to worry, simply call our friendly customer service team on 1300 659 676 and they can assist you in this matter.