Equipment Leasing News: GE Capital, Franchise Finance Provides $12.4 Million to Hilton Garden Inn Operators, Paragon Hotel Company

Equipment Leasing News: GE Capital, Franchise Finance Provides $12.4 Million to Hilton Garden Inn Operators, Paragon Hotel Company

VANCOUVER, BC (August 11, 2011) Dominion Lending Centres Clearlease Reports GE Capital, Franchise Finance on August 10, 2011 provided $12.4 million to Lynchburg Hotel Group, LLC, a unit of Paragon Hotel Company, for the refinancing of a Hilton Garden Inn®, located in Lynchburg, Virginia. Funding was provided through GE Capital’s bank affiliate, GE Capital Financial Inc.

“GE Capital, Franchise Finance made the financing process easy and straightforward. We are very appreciative of GE’s flexibility and timeliness”

“GE Capital, Franchise Finance made the financing process easy and straightforward. We are very appreciative of GE’s flexibility and timeliness,” says Ricky Patel, President, Paragon Hotel Company. “We look forward to building our relationship with them as we continue to grow in the hospitality field.”

Paragon Hotel Company currently owns and operates 17 hotels throughout the Southeast United States.

“It was a pleasure working on our first transaction with Paragon, We look forward to more opportunities to help them continue their growth,” said Jim Petty, vice president, GE Capital, Franchise Finance.

Paragon Hotel Company is a hotel ownership/management corporation with a wide portfolio of hotels including Hilton, Marriott, Intercontinental, Best Western, Choice, Carlson Hotels Worldwide, and Wyndham Worldwide franchises.

Hilton Garden Inn® is a moderately-priced hotel brand that is designed for business and leisure travelers and has received the highest honors in the J.D. Power and Associates 2009 North America Hotel Guest Satisfaction Index Study. The majority of Hilton Garden Inn properties are independently owned and operated.
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Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers Alexander Pidgeon and Rene Pidgeon. Vancouver Commercial Lending,North Vancouver Commercial Lending,West Vancouver Commercial Lending,Surrey Commercial Lending,Richmond Commercial Lending,Delta Commercial Lending,Langley Commercial Lending,Coquitlam Commercial Lending,BC Commercial Lending,Private Commercial Lending

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