Author
Author

Harry George Spirides

President at Spirides Hospitality Finance

Harry George  Spirides

Spirides Hospitality Finance Company provides mortgage and loan broker services to owners and prospective owners of all types of hotels and restaurants nationwide, both franchise branded and independent, so they may obtain the debt capital they require to fund new construction, renovations, acquisitions, debt refinance, and working capital. I oversee all facets of its operation from financial analysis of our clients, to loan structuring and lender negotiations, to new business development. I arrange SBA 7a, SBA 504, USDA B&I, CMBS, hard money/bridge, and conventional loans for our clients. I also hold a current Florida Real Estate License which I use to assist hotel owners to sell their hotels when that strategic course of action has been selected.

Insights by Harry George Spirides (1)

COVID-19 Financing Strategic Options For Hotel Owners

Along with all the other industries around the world the U.S. hotel industry has been blindsided by the COVID-19 Global Pandemic Black Swan Event. Instantly, hotel owners have found themselves with empty hotels, depleted cash reserves, and wondering how they will be able to make their monthly mortgage payments and payroll which were hardly ever considered to be a problem in the expansionary period leading up to COVID-19.
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