HOTEL UNDERWRITING REQUIRED ITEMS
The last 3 years ADR (Average Daily Rate by month)
The last 3 years Occupancy by Month
06/07/08 and Year to date P & L’s
A copy of the Star Report
Resume of the Owners/Borrowers including net worth and schedule of real estate owned
An Executive Summary of the property including type of facility, interior or exterior rooms, number of floors, amenities, total number of rooms and physical location of property and 4 or 5 color digital photographs are required.
Tri merge individual Credit report