Bartlett, TN Hotel Loans: Keycard Systems, Laundry Equipment and Brand Upgrades

An on-site laundry that keeps up with checkouts saves a property from sending linens out, and a lobby that looks tired is the first thing a guest sees. Washer-extractors, dryers, lobby seating, a front desk and a lit sign by the road all come with vendor quotes, so they fit equipment financing as one package.

Spread over 60 months at a 10.5% annual rate, that $74,700 package costs $1,605.59 a month in this example. An owner can compare that with what the property now pays an outside laundry each month.

Keycard locks are a guest-room item a property replaces all at once: every door gets a new lock, and the front desk gets an encoder and software. Smart TVs, Wi-Fi access points and in-room safes are the other guest room technology that ages out on the same cycle.

Illustration only, invented figures: 64 rooms at $310 a lock plus a $3,200 encoder and software package come to $23,040; at a 10.25% annual rate over 48 months, payments run $587.12 a month, $28,181.76 in all, in this example.

Lodging here is not only big properties. Of the 181 traveler accommodation establishments (NAICS 7211) that Shelby County, TN recorded in 2023, 65, or 35.9%, had fewer than five employees, the size of an owner-run motel where a lock upgrade comes out of the same account as the payroll.

A motel equipment refresh can include mattresses, bedspreads, blackout curtains and room furniture. A term loan for those items excludes flooring labor, paint, packaged terminal air conditioner units and fixed room work.

Illustration only, invented figures: replacing 30 room furniture sets at $1,150 each is a $34,500 order, and 48 months at a 10.75% annual rate puts the payment at $887.49 a month in this example.

An owner who runs the desk alone has to plan a refresh around the rooms that sit empty while the work is done, and lodging of that kind is on the Census books too: the 2024 Nonemployer Statistics file for Shelby County, TN lists 212 traveler accommodation businesses without a single paid employee. Doing the rooms in batches keeps part of the property renting while the rest is closed.

Equipment financing for a hotel covers movable items inside: a breakfast area's tables, chairs and serving equipment, or fitness room machines; the renovation, pool pump and heater are property work outside this site. A term loan can carry the larger project, and working capital can carry the housekeeping and front desk payroll while a wing is closed.

Illustration only, invented figures: a $68,000 breakfast-area and fitness-room equipment package over 72 months at an 11.25% annual rate costs $1,303.04 a month, or $93,818.88 over the term. If the work closes a wing for 28 days, 2 biweekly paydays of $11,200 fall inside the closure, $22,400 of payroll in this example.

The building and the land are not part of this page. A property purchase or a loan secured by the hotel real estate is a different kind of request, and Eaglestone Funding Group does not arrange it.

A franchised hotel works to its brand's standards, and when a standard changes, the property can face a list of items and a date. Bedding, towel packages, amenity dispensers and lobby decor can be bought in rounds, which suits a credit line drawn as each round is ordered.

Illustration only, invented figures: a $26,400 draw for bedding and towels at a 13.5% annual rate costs about $297.00 of interest for the first month in this example, and the line can be paid down as room revenue comes in.

Seventeen traveler accommodation establishments had a ZIP 38134 address in 2023, according to ZIP Code Business Patterns. Stores and real estate offices share the lodging group on the industries page, and the Bartlett, TN page carries the county and ZIP figures for other trades.