Help with financing the construction of a hotel.

[Youri B.]

Hello everyone 

I bought a property in Costa Rica for 550 K over a year ago and turned it to to a small profitable 16 rooms hotel. The property is under a trust from a local bank for 475K . The value of the property has now almost doubled. I am looking to tear down the existing building and build a much nicer 26 rooms hotel.  What would you recommend in term of financing such a project. I do not have any cash to do this. The project will cost around 600 K. My property was valued  at around 920 K by local real estates agents . After completion of the project based on similar hotels in the area the value of a 26 rooms hotel is at around 2 to 3  millions. What kind of financing structure do you think i could do?