Dreaming of purchasing a hotel or motel in Canada?
At Citadel Mortgages, we make it easy for our clients to buy hotels and motels with our commercial lending department.
🛎️ Purchase, refinance, or renovate boutique hotels and motels
💼 Up to 75% LTV (subject to revenue and appraisal)
🔑 Lending through private, B-lenders, and hospitality finance groups
📍 Accepting properties in primary and secondary markets
📝 Business plans and occupancy history are key
Hotel and motel mortgages are commercial loans provided for income-generating hospitality properties that offer short-term or extended-stay accommodations.
These may include:
Motels and roadside inns
Independent boutique hotels
Branded flag hotels (e.g., Best Western, Comfort Inn)
Resorts or lodges with short-term rentals
Converted multifamily used for transient stays
✅ Hospitality operators
✅ Business owners expanding portfolios
✅ New investors with strong management plans
✅ Family-run motel buyers
✅ Refinance candidates improving cash flow or pulling equity
Lenders evaluate based on cash flow, location, operator experience, and asset quality.
| Factor | Importance |
|---|---|
| Business Financials | Minimum 2 years preferred |
| Occupancy Rate | Typically ≥ 50–60% |
| Net Operating Income | Must support requested loan amount |
| Management Experience | Often required |
| Property Type | Branded, unbranded, or boutique |
🏨 Acquisition Loans
🔁 Refinancing to lower rates or access equity
🔧 Renovation Loans for repositioning or rebranding
🧱 Construction Financing for new-build hotels
🔄 Bridge Loans for fast closing or turnaround projects
Yes, but you may need a management partner or detailed operational plan. We help you package your file for approval.
Yes, with proper documentation. You’ll need to demonstrate stable off-season revenue or future demand.
We can offer bridge or private financing to stabilize and renovate before long-term financing is secured.
The hospitality market in Canada is evolving fast. Whether you’re buying your first motel, expanding a portfolio, or converting an older property, Citadel Mortgages offers smart, flexible hotel mortgage solutions backed by commercial lending experts.
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Head Office – 150 King Street West 2nd Floor Suite 335, Toronto, ON M5H 1J9
Alberta Office – 421 7th Avenue S.W., 30th Floor, Calgary, Alberta, T2P 4K9
Nova Scotia Office – 1701 Hollis Street, Suite 800 Halifax, NS B3J 3M8
Saskatchewan Office – 2010 – 11th Avenue 7th Floor Regina Saskatchewan S4P0J3
Newfoundland Office – 1 Church Hill – Suite 201-522 St. John’s Newfoundland A1C 3Z7
New Brunswick Office – 500 St George Street, Moncton NB, E1C 1Y3
British Columbia Office – 900-2025 Willingdon Avenue, Burnaby BC, V5C 0J3
Manitoba Office – 330 St. Mary Avenue, Winnipeg, MB, R3C 3Z5
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Citadel Mortgages operates an information-based website designed to display mortgage rates from its trusted partners. While we strive to present accurate and up-to-date information, we cannot guarantee the precision of the rates or other details provided at all times. Citadel Mortgages assumes no liability for errors, inaccuracies, or damages resulting from the use of the information on this site. Terms and conditions apply, and it is essential to consult directly with a licensed mortgage broker for personalized advice and accurate details about specific products and services. Please note that the rates displayed are for informational purposes only and may differ from actual rates offered.
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Instant Approval, Conditional Approval, Pre-Approval
All approvals are subject to credit and underwriting approval. Not all borrowers will qualify for conventional or equity financing. The receipt of an application does not constitute a financing approval or guarantee of an interest rate. Restrictions apply. The Annual Percentage Rate (APR) is subject to underwriting and approval, and fees and terms may vary. Contact us for the most current rates and further information about specific products. OAC (On Approved Credit).
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