GE Capital, Franchise Finance Provides $18.5 Million to Hampton Inn & Suites and Homewood Suites Hotel Company, K Partners Hospitality Group, L.P.
SCOTTSDALE, Ariz.--22 June 2011-- GE Capital, Franchise Finance recently completed an $18.5 million term loan to K Partners Hospitality Group, L.P. for the refinancing of a Hampton Inn & Suites and a Homewood Suites located in Lancaster, California. Funding was provided through GE Capitals bank affiliate, GE Capital Financial Inc.
The GE Capital team delivered a superior experience, said Mark Crisci, executive vice president, K Partners Hospitality Group, L.P. GE provided the funds we needed in a timely manner, and in a flexible structure.
K Partners Hospitality Group is a hotel company specializing in the construction and operation of hotels throughout the U.S. Founded in 1996, the company is based in San Antonio, and owns and operates 23 hotel units across five states.
K Partners is a new customer to GE Capital, Franchise Finance, says Patrick Feltes, senior vice president, GE Capital, Franchise Finance. We look forward to building a relationship and helping them reach their goals.
K Partners Hospitality Group, L.P. has forged relationships with some of the biggest names in the hotel industry, including Hilton, Marriott and Intercontinental Hotels.
Hampton Inn & Suites is a member of the Hilton family of hotels and has more than 1,700 locations throughout the world.
Homewood Suites by Hilton® is an upscale brand of residential-style hotels targeting travelers who are on the road for a few nights or longer. Homewood Suites has more than 260 hotels with an additional 140 in development.
About GE Capital, Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $12 billion in served assets, we serve over 5,000 customers and over 22,000 property locations. We specialize in financing mid-market operators with multiple stores in the restaurant and hospitality industries. Our team of industry experts will work with you to help develop growth plans with access to our proprietary industry research and customized tools. More information is available at www.gefranchisefinance.com or by calling 866-GET-GEFF (438-4333).