Motel Saves $120k Per Year with On-Site Laundry

The situation

The Clarence on Melville, a 62-room Best Western hotel in Albany, was spending over $167,000 per year on outsourced laundry services. The outsourced arrangement was expensive, inflexible, and limited their choice of linen and bedding.

The challenge

Building an on-site commercial laundry required significant upfront investment in professional equipment. The hotel needed a finance solution that would pay for itself through the savings generated — and they needed it approved quickly.

How CFI helped

CFI Finance provided asset finance for the commercial laundry equipment. The application was completed online, with an instant indicative quote and approval within 24 hours. Funds were disbursed within 24 hours of receiving the equipment invoice.

The outcome

The numbers speak for themselves:

• Previous annual laundry cost: $167,285 (outsourced)
• New annual operational cost: $49,025 (on-site)
• First-year savings: $118,260

Beyond the savings, the hotel gained full control over their linen quality, eliminated outsourcing restrictions, reduced inventory loss, and even turned the laundry into a secondary revenue stream by offering services to nearby businesses.

The finance repayments were comfortably covered by the monthly savings — meaning the equipment effectively paid for itself from day one.