Equipment Lease Financing & Project Management in the Hospitality Industry

“If you own or operate a hotel for any significant length of time,
you will likely have to replace some of your building’s core MEP and HVAC equipment.”

So begins an excellent article about Project Management in the hospitality industry.  You can read the full article here.

The only thing that this article doesn’t mention is how to best pay for a project.  That’s where a company like TEQlease comes in.  We have a wide ranch of experience financing equipment related projects, including financing components that many other companies won’t, including a variety of ‘soft’ costs.

If your hotel is looking to upgrade technology or acquire any new equipment, lease financing may be the right option.  Lease financing not only allows hotels to spread out the acquisition costs of the equipment, but it may also provide tax advantages, protection from obsolescence, and improved cash flow.  To learn more visit us at www.teqlease.com or click here to set up a time to talk and get a no obligation lease financing consultation.

About TEQlease
TEQlease Capital is a nationwide provider of equipment lease financing solutions across all industries.  In the hospitality industry, TEQlease Hospitality Equipment Finance provides lease solutions for golf equipment, fitness equipment, restaurant equipment, telephony, media equipment, television solutions, IT infrastructure, wireless solutions and more.

Strong Hospitality Growth in April and May

After a rough first quarter, the US economy is showing positive signs so far in Q2.  The hotel industry also showed a rebound in April and May after a sluggish start to the year.

According to Hotel News Now, the hotel industry saw growth in both occupancy and rate, and this contributed to making April the strongest month of the year so far for revenue-per- available-room growth.  Consumer spending also reached its highest level since August 2009.  With continued strong numbers into the end of May, many industry experts are projecting a prosperous summer for the hotel industry.

If your hotel is thinking about purchasing equipment, now is the time to buy and consider financing.  Hotel owners are taking advantage of the strong industry numbers and conserving their capital through financing in order to maximize the amount of equipment they can acquire.  This coupled with relatively low interest rates, makes it the ideal time to buy.  As evidenced by the December interest rate increase, we are now officially in an economic environment with rising interest rates.  The longer you wait to buy, the more expensive financing becomes.  It is important to lock in your rate before they increase again. Continue reading “Strong Hospitality Growth in April and May”

Industry Leaders Say Now Is The Time To Acquire New Equipment For Your Hotel

At this year’s Hunter Hotel Conference, “Hotel News Now” asked eight hotel executives what hotel owners should concentrate on this year.  The executives said that now is the time for hotel owners to invest in their properties, in the form of upgraded technology, facilities, furniture, and any equipment a hotel needs to improve their property and build customer experience and loyalty.

TEQlease Capital helps hotels acquire needed equipment by providing customized lease financing solutions.  Some examples are below.  But first, here is what two of the executives had to say.

Elie Maalouf CEO, The Americas, InterContinental Hotels Group

“I think it’s a really good time to focus on your properties. I think it’s a good time to understand what the focused investments (are), the key strategic investments you can make in your properties to put yourself in a position for when things might slow down a little bit and you want to be in a strong share position. What are the technology investments you want to make? What are the renovation investments you want to make right now while costs are still pretty good?”

Steve Joyce President and CEO, Choice Hotels International

“Make investments now because at some point, things will slow down to a much more normal rate. Get your projects done and open into 2018. If you’re going to invest in your property, do it before the end of 2018, and we’ll see what happens.”

Read what the rest of the executives said here

TEQlease Capital Provides Financing to Starpass Resort & Spa for Golf Course Maintenance Equipment

If your hotel is looking to upgrade or acquire new equipment, visit us at www.teqlease.com or click here to set up a time to talk and get a no obligation lease financing consultation.

TEQlease Capital is a nationwide provider of equipment lease financing solutions across all industries.  In the hospitality industry, TEQlease Capital provides lease solutions for golf equipment, fitness equipment, restaurant equipment, telephony, media equipment, television solutions, IT infrastructure, wireless solutions and more.

 

The Hospitality Industry & the Internet

One of the few things almost everyone agrees with is this: The Internet has changed the way business gets done.  And it’s certainly true in the hospitality industry.

On-line reservation systems have been around for a long time.  More recently, sites like TripAdvisor and Yelp have changed the way customers gather information and make decisions about travel.  Now there’s a new concept people are referring to as the “Internet of Things” or IoT.

Hospitality Internet

IoT is all about collecting information from sensors, devices and other sources and using that information intelligently.  For an idea about how this is being used in the Hospitality industry, click here.

In the Hospitality industry, it’s all about improving the customer experience and IoT can be a great way to do that.  Imagine letting a resort customer order food by the pool using their tablet.  Or being able to recognize when they are coming back to the room and adjusting the temperature accordingly.  And why make them carry a room key when they can use their phone? Continue reading “The Hospitality Industry & the Internet”