Have you checked out hotelbusiness.com recently? If you haven’t, I encourage you to. If you have, you may have noticed several additional tabs and options we’ve implemented.
So what’s new? Well, for starters, our HB Marketplace. Are you looking for a job? In need of a service or product? Browse our marketplace to see what’s there. Or, if you have a job to advertise, a service to offer or a product to sell, post a marketplace ad. We’ve set up a spot to connect with the hotel community—and to make that engagement as easy as possible. We put the tools in your hands: You write the copy, post it and wait for the responses. Once your ad is submitted, our classifieds department will review it and approve it. It’s brand new and an affordable way to communicate with the key hoteliers who turn to Hotel Business every day for information and insight. Give it a try and get noticed! If you have questions, you can reach out to Susan McDonald at [email protected] to learn more.
We’re also excited to provide you with advisory services from trusted sources. We’re able to connect you with experienced professionals who can help you with financing and staffing—two topics that are always top of mind with the hotel industry.
Are you dreaming of expanding your hospitality portfolio in rural America? Let’s help you make it a reality. The USDA Business & Industry (B&I) loan program can finance hotel projects in rural areas, covering new construction, acquisition, renovation and refinancing of hotels.
USDA loans are a powerful financing solution offering key benefits:
- Generous loan amounts available for hotel
projects in eligible rural areas—up to $25 million in financing, per hotel project - Competitive interest rates that are backed by the USDA, making capital more affordable
- Long-term, flexible repayment options—terms up to 30 years, reducing monthly payments and improving cash flow
- Ideal for boutique hotels, franchise operators and hospitality groups, and can be used for new construction, acquisition, refinance or expansion
- Preserve your working capital with minimal equity injection required—high leverage (up to 80% LTV)
You might ask, who qualifies? Here you go: Hotel owners looking to expand or renovate; developers planning new-builds in rural areas; real estate investors acquiring existing hotel assets; and operators seeking refinancing with better terms. Don’t know if your property is eligible? Check out our site to find out.
OK, studies show that diverse talent brings unique skills and perspectives to elevate guest experiences. There are hundreds of overqualified and motivated candidates eager to fill your open housekeeping positions, for instance. But did you know you can recruit skilled workers from around the word to meet your staffing demands?
Hotel employment is still well below prepandemic levels, and the AHLA notes that 65% of hotels still report shortages. Have you considered growth through the EB-3 visa? EB-3 provides a pathway for legal, stable employment, supporting hotel growth and stability. Hotel Business can connect you with professionals who can help you strengthen your hotel workforce. We all know finding talented labor isn’t easy right now. Whether it’s front-desk agents, concierge staff, housekeepers, F&B personnel, chefs or maintenance workers, our advisors can help you find entry-level to skilled workers with the ability to develop and grow within your organization. Candidates are required to commit to a full year of work, eliminating turnover across your workforce.
Speaking of new additions, Hotel Business welcomes Mary Garvey to the team. Mary is a seasoned sales professional and is the new account manager for the Central U.S. region. If you’re located in the Midwest, please reach out to say hi and see how she—and Hotel Business—can partner with you to expand and enrich your visibility. Mary can be reached at [email protected].
