Flickr/PortoBay Hotels & Resorts(Reuters) - General Electric said it had agreed to sell GE Capital's U.S. hotel franchise loan portfolio to a unit of Western Alliance Bancorp. The business, which includes outstanding loans of about $1.4 billion, provides real estate financing to owners of limited service hotels. GE said it would also sell to an unnamed buyer its business that provides financing to Canada's hospitality and restaurant industries.
Ge Is Unloading Its $1.4 Billion Us Hotel Loan Portfolio
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Tue, 03/29/2016 - 3:09pm
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