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.