Hotel and Motel Loans in Loveland, CO: Renovations, Furnishings and Payroll

Hotel Lenders Read Against Larimer County, CO Lodging Counts

County Business Patterns counted 125 traveler accommodation establishments (hotels, motels, inns and similar lodging) with paid employees in Larimer County, CO in 2023, with 2,276 employees and $80.6 million in payroll; 31.2% had fewer than five employees (Census County Business Patterns 2023). Nonemployer Statistics counted 121 traveler accommodation businesses without paid employees for 2024 (Census Nonemployer Statistics 2024).

Lodging owners draw on banks for property and large renovations, equipment funders for furnishings and systems, and brand-affiliated programs where a franchise requires a refresh. This site handles the furnishings, equipment, renovation and payroll side, not the mortgage.

Hotel Furniture, Fixtures and Equipment Financing Room by Room

Illustration only, invented figures: refreshing 40 rooms at $6,200 each for beds, case goods, lighting and soft goods comes to $248,000. Over 84 months at an invented 9% annual rate the payment is about $3,990 a month (our arithmetic). Case goods and televisions are movable equipment; carpet and wall vinyl are finishes that read as renovation.

Leasing case goods instead of buying them is covered on the equipment financing page.

Renovating Rooms in Phases on a Term Loan

Taking every room out of service at once stops revenue. Renovating in phases, such as 20 rooms at a time at the invented $6,200 per room, or $124,000 per phase (our arithmetic), keeps the rest of the property earning. A term loan with draws tied to each phase, or two smaller requests, matches that schedule. A partner will want the contractor's bid and the phase plan.

Motel Financing Options That Leave the Mortgage Alone

An independent motel can finance its furnishings, a new property management system, laundry equipment or a lobby remodel without touching the mortgage on the building. Keeping those purchases separate means a funder secures them with the items themselves, and the mortgage lender's consent may still be needed if the building is pledged. Ask the existing lender before signing anything that uses the property as security.

Laundry, Kitchen and Property Systems as Equipment

Illustration only, invented figures: a $58,000 on-premises laundry with washers, dryers and an ironer, financed over 60 months at an invented 9.5% annual rate, is about $1,218 a month (our arithmetic). Breakfast kitchens, HVAC units for rooms and key-card systems finance the same way.

Brand-Required Refreshes and Property Improvement Plans

A franchised hotel may be required to renovate on a schedule set by its brand, written into a property improvement plan when the franchise renews or the property changes hands. The plan lists specific items, from carpet and case goods to lobby finishes, with deadlines. That gives a partner a defined scope and a firm budget, which helps a request; it also means the work cannot wait for a better moment, so planning the funding early matters.

Independent motels face no brand plan, but a refresh still has to match what guests compare it against, and a clear scope helps the request the same way.

Room HVAC Units and Lighting as an Energy Upgrade

Illustration only, invented figures: replacing 40 through-wall room heating and cooling units at $1,350 each, $54,000 in all (our arithmetic), over 60 months at an invented 9.5% annual rate, costs about $1,134 a month (our arithmetic). Lighting retrofits and smart thermostats are smaller items that can ride on the same request. A partner may ask for utility bills to see the property's energy costs before and after.

Key Cards, Wi-Fi and Property Management Software

Guest-facing technology ages faster than furniture. Key-card locks, Wi-Fi networks and property management systems can be financed as equipment or leased, and software subscriptions may sit outside the financed amount. Matching the term to the system's expected life keeps the property from paying for a system it has already replaced.

Working Capital for Hotels Between Group Bookings and Payroll

Housekeeping and front-desk payroll runs every week whatever the occupancy. Illustration only, invented figures: a property with a $21,000 weekly payroll that has a large group invoice outstanding for a month carries about $84,000 in wages (our arithmetic) before that invoice is paid. Working capital or a revolving line can bridge that. A partner reads occupancy and revenue reports by month.

What a Partner Reads From a Hotel's Records

• Monthly occupancy, average daily rate and revenue per available room.
• Card and bank statements that match the reported revenue.
• Franchise agreement and any required renovation schedule.
• Existing mortgage and equipment debt.
• The renovation bid or furnishings quote.

By Rowanrun Business Loans · Updated October 22, 2026