Hotel Financing
We can arrange financing for hotels to refurbish your properties and provide working capital to be able to maximise your hotels profitability to facilitate your recovery from COVID.
NuoBello has established an alliance with, a reputable flexible alternative financing solution to traditional bank lending, that is targeting to assist the hotel industry in Thailand to recover from the effects of COVID. Together we can provide financing solutions for hotels to refurbish and upgrade your properties to bring your hotel back to, or even better, than the standards prior to COVID, and if required, provide working capital funding to facilitate the re-opening of your hotel.
Following COVID we fully understand that hotels need funding to:
- Restore their asset after years of neglect to be fully operational and to be able to provide the experience that the guests expect from their property; and
- Provide working capital to fund the initial start up of operations before the hotel starts to generate positive cashflows,
The NuoBello Financing Solution
Our Alternative Financing provider is an Asset-based Financing provider, which is flexible and fast in providing credit facilities to its customers in order to meet their needs with both term loan facilities and working capital facilities, providing the business with liquidity for stable growth.
Our Alternative Financing provider can provide flexible funding solutions, that can be customised to your hotels specific circumstances to:
- Refurbish your rooms back to your brand standards.
- Repair and replace essential M&E to ensure that your hotel is not only fully operational but is optimizing the use of energy that will reduce your operational costs.
- Provide working capital to finance your day to day operations.
The extent and cost of finance will depend on the amount of security available and the financial projections that can support that your operations will generate sufficient cashflow to service the finance provided.
NuoBello will support Thanachart Plus work closely with the Financier by:
- Performing financial projections based on our in-depth knowledge of the market and preparing capital budgets for the improvement projects required by your hotel.
- Providing cost effective staffing and operation outsourcing solutions to ensure that cashflow generated from the revenues are maximised.
- Via our alliance with IFS, Thailand’s largest facility management solutions provider, we can assist your hotel by generating a comprehensive Recovery Plan by prioritising repair and replacement works and providing recommended timelines and estimated costs, allowing your hotel to plan its immediate and future capital expenditure. These projects would be prioritised as follows:
-
- Restoration work that should be performed immediately to significantly improve the appearance of the property, including the landscaping;
- Identifying M&E issues that need to be cost effectively resolved to be able to cater for high occupancy periods;
- Identifying improvement projects that are required to gradually address the areas of neglect during the pandemic period to bring your hotel to the standard before the COVID pandemic; and
- Identifying asset improvement projects that can result in long-term operating efficiencies through a significant reduction in repairs and maintenance costs that have traditionally been incurred, and achieve significantly reduced energy usage and resulting cost savings.
The Financier will obtain the required confidence levels with such a systematic approach being performed by suitably qualified professionals to fund your hotels financing requirements. NuoBello would perform monthly reviews of the expenditure on property improvement projects against the budget provided, as well as monitoring your hotels performance against the financial projections, so that the Financier can be assured that their loans are being serviced to expectations.
About Thanachart Plus
Thanachart Plus is an Asset-based Financing provider, which is flexible and fast in providing credit facilities to its customers in order to truly meet their needs with both term loan facilities and working capital facilities, providing the business with liquidity for stable growth.
Thanachart Plus Company Limited was established in 2021 and is a subsidiary of Thanachart Capital Public Company Limited, Thailand’s leading Diversified Investment Holding Company and a listed company on the Stock Exchange of Thailand.