We understand the unique demands and challenges facing hoteliers, and take a value added consultative approach to meeting your credit needs. Citizens Bank takes pride in its long-time involvement with the Hospitality Industry. We look for opportunities that have multiple demand generators, a high concentration of repeat or referral guest business, experienced and committed owners, and a consistent track record of property reinvestment. Current customers include many of the leading resorts in New England, European boutique style hotels, and upscale country inns. Loan products available consist of commercial mortgages for acquisition and refinancing of existing properties, term financing for renovations and property improvements, and seasonal lines of credit.
Financing is available on a fixed and variable rate basis.
In addition to the lending expertise of this group, Citizens also offers competitive merchant credit card services, deposit services , and cash management services . Inc. All rights reserved.