RGS Hotel http://rgshotel.com/ Fri, 27 May 2022 04:47:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.1 https://rgshotel.com/wp-content/uploads/2021/10/cropped-icon-32x32.png RGS Hotel http://rgshotel.com/ 32 32 innRoad, Hotelogix, Frontdesk Anywhere, Hotello, WebRezPro – Tiorientation https://rgshotel.com/innroad-hotelogix-frontdesk-anywhere-hotello-webrezpro-tiorientation/ Thu, 28 Apr 2022 07:00:00 +0000 https://rgshotel.com/innroad-hotelogix-frontdesk-anywhere-hotello-webrezpro-tiorientation/ [ad_1]

The report is developed to give investors a window into hotel reservation software market and reveals opportunities for intervention at various points along the supply chain of the Hotel Reservation Software Market. The report examines each aspect of the Hotel Reservation Software market supply chain, including marketing, import, export, distribution, production, etc. The report covers the major product lines of the Hotel Reservation Software market and focuses on the discussion of these product lines. which are dominating the hotel reservation software market and contributing majorly to its growth. The Hotel Booking Software market report studies the performance of Hotel Booking Software by considering different scenarios.

Crucial references regarding the spectrum of competition, identifying major players have been well incorporated in this research report.

innRoad
Hotelogix
Reception anywhere
Hotello
WebRezPro
roomMaster
RoomKeyPMS
cloud beds
guest point
RMS
RDP
Maestro PMS
skyware
ResNexus
Accommodation
eZee

The technologies that have improved the efficiency and are driving the growth of the market are studied in the report. Market disruptive forces, growth avenues, innovative business models, Hotel Reservation Software industry regulatory environment, current trends in 2021, regulatory issues and significant updates that companies operating in the market should address are analyzed in the study. Importantly, the report studies the market products and services along with the segments and sub-categories that are well positioned for growth over the coming year. Additionally, recommendations for market players to remain competitive are offered in the report.

The key regions covered in the Hotel Reservation Software market report are:
North America (United States, Canada, Mexico)
South America (Cuba, Brazil, Argentina and many more.)
Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
Asia (China, India, Russia and many other Asian countries.)
Pacific Region (Indonesia, Japan and many other Pacific countries.)
Middle East and Africa (Saudi Arabia, South Africa and many more.)

The Hotel Booking Software industry research report offers important insights into the market as well as useful insights and advice for individuals and companies interested in the market. This research will also help a number of important companies to identify their competitors and gain a foothold in the market. The hotel reservation software industry is expected to grow rapidly.

We have recent hotel booking software market updates in sample [email protected] https://www.orbisresearch.com/contacts/request-sample/6320643?utm_source=PoojaB12

• Segmentation by type:

Cloud-based
On the spot

• Segmentation by applications:

Big business
SME

The hotel reservation software market is segmented into three sections: type, region and application. Segment growth provides accurate sales estimates and forecasts by type and application in terms of value and volume. Additionally, this study offers a detailed forecast of the market by product type, application, and region. It also includes sales and revenue projections for the entire projection period. With industry-standard analysis accuracy and better data integrity, the research report makes a significant effort to reveal the major insights available in the market to help organizations gain a strong position in the market.

Place a request for the purchase or customization of [email protected] https://www.orbisresearch.com/contacts/enquiry-before-buying/6320643?utm_source=PoojaB12

Research buyers and providers can get access to verified and reliable market projections such as those for the entire market size in terms of revenue and volume. The Hotel Reservation Software Market forecast has been generated using an in-depth market survey carried out by a number of industry specialists.

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]]> What is a commercial loan for hotels? https://rgshotel.com/what-is-a-commercial-loan-for-hotels/ Fri, 18 Mar 2022 07:26:46 +0000 https://rgshotel.com/martin-lewis-advice-for-struggling-families-turning-to-payday-loans/

A hotel business loan is referred to a category of financial products which is designed to assist companies in the hospitality sector some lender including Citrus North offer emergency loans. Hotel loans differ in terms of the structure and in size. There are also various options for large hotels and small hotel companies. If you’re looking into various types of loans for hotels, you need to understand their specifics to make an informed choice.

Types of Hotel Financing

It’s easy to become overwhelmed as there are a variety of types of hotel finance to think about. Although making a decision may be difficult Knowing how each differs from the other will assist you in making a decision.

Please note that these choices are for American hotels.

Mezzanine Financing

The hotel business loan is one that combines the two aspects of debt and equity. The lender will grant both cash and loan, along with interest, provided that you trade these in exchange for hotel shares. In comparison to conventional loans mezzanine financing can be more flexible.

It’s not just that it provides greater capital than standard banks However, it also can assist you in increasing your cash flow, which could be used to fund future expansion. But, you need to remember that, while it’s simpler to obtain mezzanine finance but it also comes with greater interest rates.

Standard Hotel Loans

The loan is sometimes known as a traditional loan. It comes with a fixed interest rate and a loan period. When the lender grants you the funds and you accept it, it must be paid back on a monthly basis , or depending on the terms both you and the loaner reached an agreement on. Your repayment will pay for the principal amount of the loan as well as the accrued interest.

It is regarded as one of the more popular types of hotel loans since they are often utilized to fund hotel improvements like hiring additional employees, purchasing equipment for the hospitality industry and renovating.

Permanent Loans

This kind of loan for hotels is designed for those who wish to construct their own hotel from the ground up. It is a construction finance from the beginning however, once the hotel is completed, it can be transformed into mortgage. The loan will prevent you from being eligible for two loans. This is a great option if you don’t want to deal with multiple lenders.

Hotel Bridging Loans

The loan is a way for hotel owners to bridge the cash gap that exists between the mortgage being taken out and the acquisition of the new asset. Bridging loans for hotels are more useful when used to put in place a brand new building.

SBA Hotel Financing

The type of loan mentioned above is guaranteed by the government and is intended for small-sized companies. If the hotel owner is in default on a payment the loan’s high percentage acts as a guarantee. This arrangement lowers the risk , while also making sure that the interest rate is kept to an acceptable level. However, obtaining this loan can be a challenge particularly if your hotel’s financial condition is not good.

Preferred Equity

This hotel loan offers credit towards the hotel owner, in return for preferential shares. Common shareholders are given less priority than preferred shareholders in the event that the hotel is in bankruptcy. This loan will help increase the flow of cash.

Purpose of a Hotel Loan

In general having a higher credit score and other documents is required when you opt for government-backed hotel loans. If you are applying with a private lending institution there is no paperwork, but you’ll be required to provide collateral as security. The collateral you provide will be contingent on the amount of the loan you are getting from your hotel. For the guidelines for underwriting you must verify the state requirements.

The hotel business loan’s main objective is to aid hotel owners increase their revenue Here are a few more advantages of a hotel loan. is advantageous.

  • Staffing for additional hiring
  • Operational expenses and funding
  • Building a new structure
  • Relocating
  • Remodeling
  • The cost of a hotel purchase
  • Financing existing hotels
  • Refinancing to assist in making cash from your home
  • New equipment for hospitality

What is an Hotel Loan work?

In the US the procedure for getting a hotel loan is straightforward. You must first fill out an application and then wait for the lender’s approval. After your application is accepted, the loan will be transferred into your business account. You can utilize the funds to fulfill a range of reasons to help ensure that your hotel stands out. When your hotel begins to get noticed and you are able to make payments to the lending firm.

Loanable Amount

When it comes to borrowing funds using a hotel loan the amount of money you can borrow varies between lenders. In the majority of cases the decisions will be made determined by how big your establishment is, the actual cash flows, amount of years the hotel has been operating as well as the purpose of the loan and a lot more. Smaller hotels can get a loan of between $100,000 and $1 million, while bigger hotels can receive up to $50 million in financing.

Financing Rates

Similar to the loan amount, rates for financing will depend on the lender and your application. Expect to pay anywhere from 6.5 percent to 12% in interest. If you are applying for a hotel loan through an institution, the financing rates may be lower however, you must be able to meet the stricter lending criteria. If you’re in need of a quick and simple approval then borrowing from private lenders could also be an option, however you’ll have to pay more interest.

]]> Father and son found guilty of $1.7 million COVID-19 relief fraud | USAO-WDNC https://rgshotel.com/father-and-son-found-guilty-of-1-7-million-covid-19-relief-fraud-usao-wdnc/ Fri, 18 Mar 2022 00:11:23 +0000 https://rgshotel.com/father-and-son-found-guilty-of-1-7-million-covid-19-relief-fraud-usao-wdnc/ [ad_1]

CHARLOTTE, NC — A federal jury in Charlotte today convicted two men of submitting fraudulent loan applications seeking more than $1.7 million in guaranteed Paycheck Protection Program (PPP) forgivable loans by the Small Business Administration (SBA) under the Coronavirus Aid, Relief and Economic Security Act (CARES), announced Dena J. King, U.S. Attorney for the Western District of North Carolina.

US Attorney King is joined in today’s announcement by Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division; Inspector in Charge Tommy Coke of the United States Postal Inspection Service, Atlanta Division; Special Agent in Charge Donald “Trey” Eakins of the IRS Criminal Investigation (IRS CI), Charlotte Field Office; and J. Russell George, Treasury Inspector General for Tax Administration (TIGTA).

According to evidence presented during a six-day trial, Izzat Freitekh, 55, of Waxhaw, North Carolina, and his son Tarik Freitekh, aka Tareq Freitekh, 33, whose last known residence was in Glendale, North Carolina California, obtained $1.7 million worth of fraudulent products. obtained by submitting several fraudulent PPP loan applications for companies belonging to Izzat Freitekh: La Shish Kabob, La Shish Kabob Catering, Green Apple Catering and Aroma Packaging. Loan applications distorted the number of employees and salary expenditures. After obtaining the proceeds of the fraudulent loan, the defendants engaged in illegal monetary transactions with the proceeds of the scheme, including paying $30,000 to family members.

“The bad guys borrow and don’t repay, but in the case of the Freitekhs, they also lie to cover up the fraud,” U.S. Attorney King said. “This father and son duo exploited a national emergency for their own benefit and then attempted to obstruct justice to avoid punishment. A federal jury saw through their criminal schemes and now the Freitekhs will be held accountable for their actions. Protecting important taxpayer-funded programs remains a priority for my office, and together with our law enforcement counterparts, we will continue to identify and prosecute those who exploit these programs for their own gain.

“The CARES Act was intended to help people and businesses affected by the pandemic, not to line the pockets of greedy individuals. The United States Postal Inspection Service will continue to work with our partners to hold accountable those who lie and deceive the government with money for enrichment,” said the Inspector in Charge of Coke.

“While businesses suffered and did their best to weather the pandemic, others chose greed,” said Special Agent in Charge Eakins. “IRS CI will continue to use its financial expertise to track the money and recommend the prosecution of criminals profiting from a crisis.”

“Today’s results demonstrate the commitment of the Treasury Inspector General for Tax Administration to investigate and bring to justice those who attempt to corruptly interfere with the federal tax administration,” the statement said. Inspector General George. “We appreciate the work of the U.S. Attorney’s Office and our law enforcement partners in ensuring this criminal activity is held accountable.”

Izzat Freitekh was found guilty of one count of conspiracy to commit money laundering, three counts of money laundering and one count of misrepresentation. He faces up to 10 years in prison for conspiracy to commit money laundering, 10 years in prison for each of the money laundering counts and five years in prison for the misrepresentation count.

Tarik Freitekh was found guilty of one count of conspiracy to commit wire fraud, one count of bank fraud, one count of conspiracy to commit money laundering, one count of laundering money and one count of falsification and concealment of material facts. He faces up to 30 years in prison for bank fraud, 20 years in prison for wire fraud and money laundering conspiracy, 10 years in prison for money laundering and five years in prison for falsifying material facts.

A federal district court judge will determine any sentence after considering US sentencing guidelines and other statutory factors. Law enforcement previously obtained and executed seizure warrants for more than $1.3 million in fraud proceeds, held in various accounts. The money seized was administratively confiscated by the federal government before the trial.

The United States Postal Inspection Service, IRS-CI and TIGTA investigated the matter.

Trial Attorneys Joshua N. DeBold and Matt Kahn of the Criminal Division’s Fraud Section and Assistant U.S. Attorney Mark Odulio of the Western District of North Carolina prosecuted the case. Assistant U.S. Attorney Benjamin Bain-Creed of the U.S. Attorney’s Office Civil Division is leading the forfeiture proceedings.

On May 17, 2021, the Attorney General established the COVID-19 Fraud Enforcement Task Force to mobilize Department of Justice resources in partnership with government agencies to scale up enforcement and prevention efforts. pandemic-related fraud. The task force strengthens efforts to investigate and prosecute the most culpable domestic and international criminal actors and assists agencies administering relief programs to prevent fraud by augmenting and integrating existing coordination mechanisms, identifying resources and techniques to uncover fraudulent actors and their schemes, and by sharing and leveraging information and knowledge gained from previous enforcement efforts. For more information on the ministry’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

Anyone with information about alleged attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) hotline through the NCDF’s online complaint form at address https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

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