Brookharbor Lenders in Charleston, West Virginia passes non-mortgage funding requests from Kanawha County hotels, motels and inns to funding partners. This page covers FF&E, renovations, occupancy records, payroll, PTAC units and county lodging counts.
At a glance
- Traveler accommodation
Traveler accommodation (hotels, motels, inns and similar lodging), Kanawha County, WV: 28 employer establishments (CBP 2023)
- Lodging employees
Traveler accommodation, Kanawha County, WV: 863 paid employees (CBP 2023)
- Office ZIP lodging
Traveler accommodation, ZIP 25301: 4 employer establishments (ZBP 2023)
Hotel Funding That Is Not a Mortgage: Charleston, WV Renovations and FF&E
A hotel mortgage, the loan that buys or refinances the property itself, is not what this page covers. What it does cover is the business funding a hotel needs to keep its rooms competitive: furniture, fixtures and equipment (FF&E), soft goods such as bedding and drapes, PTAC heating and cooling units, laundry machines, and the renovations that tie them together.
Equipment financing covers movable FF&E; a term loan covers renovation work. A partner will want the bid, the property's occupancy and revenue history, and the franchise requirements if the hotel is branded.
Hotel Renovation Financing for a Kanawha County, WV Property Refresh
A property refresh can range from soft goods and paint to new case goods, flooring and bathroom fixtures. Branded hotels may face a required improvement plan from the franchisor with a deadline; independent properties set their own timing.
Phasing a refresh by floor or wing keeps rooms selling while others are out of service. Ask the contractor and the partner whether funding can follow the phases.
List each element of the refresh on the bid with its own price: case goods, soft goods, flooring, lighting, bathroom fixtures and labor. Movable items such as beds, chairs and televisions are equipment a partner can finance on their own terms; flooring and tile become part of the building and usually belong to a renovation loan.
Hotel Lenders and the Occupancy Records They Review
Hotel lenders read occupancy, average daily rate and revenue per available room, usually month by month for a few years. They also look at the property's operating expenses, any franchise fees and how the hotel compares with its own past results.
Bring the monthly operating reports the property management system produces, along with bank statements and tax returns. Explain any month that stands out, such as rooms closed for renovation.
Hotel Business Loan for Payroll and Supplies Between Busy Weeks
Occupancy moves from week to week while payroll, utilities and supplies stay steady. A line of credit drawn in slower weeks and repaid in busier ones covers that rhythm without a lump-sum loan.
A hotel that knows its pattern from its own reports can size the line to it. The line of credit page explains how draws and renewals work.
Small Business Loan for a Hotel Replacing PTAC Units
PTAC units, the through-wall heating and cooling units in many guest rooms, wear out and are often replaced in batches. A batch replacement is a straightforward equipment purchase: so many units at so much each, plus installation.
Ask the vendor whether the new units need different wall sleeves or electrical work, which can add to the cost. Newer units may also lower the electric bill; use the vendor's and utility's figures to estimate the saving.
Laundry equipment is a similar purchase. Commercial washers, dryers and ironers for an on-site laundry can be financed as equipment, and the case for them rests on what the hotel now spends on outside linen service. Bring the current linen invoices so the comparison rests on real figures.
Traveler Accommodation in Kanawha County, WV: 28 Employers and 863 Staff
County Business Patterns counted 28 traveler accommodation employers in Kanawha County, WV in 2023, the code that covers hotels, motels, inns and similar lodging. They had 863 employees and an annual payroll of about $26.9 million; 5 had fewer than five employees.
Four of the 28 had a ZIP 25301 address (ZIP Code Business Patterns). Nonemployer Statistics, a separate program, counted 16 traveler accommodation businesses without paid employees in 2024.
An Invented Twenty-Room Soft-Goods Refresh Paid Over Four Years
Illustration only, invented figures: a 20-room motel in Kanawha County, WV refreshes its soft goods, lighting and seating at about $3,100 a room, $62,000 in all, financed over four years at an invented annual rate of 10%.
Over 48 invented payments of about $1,572.48, the motel pays about $75,479, so the refresh costs about $13,479 in financing (our arithmetic). The owner would set the payment against the room revenue the refresh is expected to protect or add.
By Brookharbor Lenders · Updated