Interest rates for commercial hospitality loans remain historically low. However, we are seeing them on the rise. The most favorable recent rates we saw in January ranged from 4.35% to 4.75%. Today we are seeing 4.8% to 5.25% or higher. The better your credit, the better the cash flow of the property, the better chance you have of obtaining the most favorable rate. And don’t forget about your business plan. This contributes to the lender’s comfort level with your ability to operate a successful inn and repay your loan and that in turn contributes to the rate they offer.