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:
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:
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:
- 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.