Unflagged Hospitality

Un-flagged hospitality is a category of properties referring to short-term rental residences. Hotels and motels ranging from luxury to economy, full or limited service, are the most popular hospitality properties.

Commercial mortgage loans for hotels and motels are tailored to the class of hotel. These are more difficult to finance because they are not franchised and do not typically have quality and financial standards like a franchisee operator would have to meet. Lender interest in hospitality properties has always been cyclical. Depending on economic factors a hospitality property can go from being the hottest commodity to something lenders won't think about financing.

If you are dealing with a non-flagged "no-tell motel," Elite Commercial Lending specializes with the few banks that will finance this type of property.