National Association of Black Hotel Owners, Operators, and Developers Achieves Growth Through Education
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Continuing to increase financial knowledge among smart, energetic, and enthusiastic entrepreneurs, GE Capital Solutions, Franchise Finance is celebrating its fifth year of driving new industry growth with the National Association of Black Hotel Owners, Operators, and Developers (NABHOOD).
"NABHOOD is an extremely effective organization, with incredibly talented, active members and a continually strengthening position in the hotel industry," says Patrick Feltes, senior vice president, hospitality finance, GE Capital Solutions, Franchise Finance. "We help educate their members by giving them the knowledge and tools they can use to grow their businesses."
NABHOOD formed in 1999 to champion the idea of increasing the number of African Americans in development, management, operations, and ownership of hotel properties, thereby creating jobs and wealth in their community.
"Our goal is to add 500 hotels to our membership during the next five years," says Andy Ingram, president and CEO, NABHOOD. "A lot of big companies talk the talk, but GE Capital Solutions, Franchise Finance follows through, making the necessary commitments we need to achieve our objectives."
GE Capital Solutions, Franchise Finance is a leading lender serving customers in the restaurant, hospitality, branded beverage, automotive after-market, and power sports industries. It provides financing to help franchisees and franchisors grow, compete, and prosper. It offers access to capital with a diverse array of flexible financing options, including funds for purchasing real estate or equipment, new construction or remodels, acquisitions, or refinancing.
About GE Capital Solutions, Franchise Finance
GE Capital Solutions, 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 $14 billion in served assets, we serve more than 6,000 customers and more than 20,000 property locations, primarily in the restaurant, hospitality, branded beverage, power sports, and automotive after-market industries. We offer customers access to capital with a menu of products featuring flexible structuring, including financing for acquisitions, refinancing, construction of new units, and remodels for single- and multi-unit operators/chains. More information is available at www.gefranchisefinance.com or by calling toll-free 866-GET-GEFF (438-4333).
GE Capital Solutions provides leasing, lending, and capital investment products and services to help business customers grow. It has more than $90 billion in assets, serves more than a million clients around the world, and is headquartered in Danbury, Connecticut, USA. For more on GE Capital Solutions, go to www.ge.com/capitalsolutions.
GE (NYSE: GE) is Imagination at Work --- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
Contacts
GE Capital Solutions, Franchise Finance
Christine Roe,
480-563-6260
[email protected]
or
Arment Dietrich, Inc.
Gini Dietrich,
312-787-7249
[email protected]
Stephen White