GE Real Estate has arranged $176 million in financing for Winston Hotels, Inc. Winston will use the 10-year, fixed rate loan to repay current debt and expand their business.
“We’ve done several deals with GE in the recent past and have been consistently impressed with the expertise of the real estate team at GE, as well as by their exceptional responsiveness to our needs,” says Joe Green, Winston’s president and chief financial officer.
“With GE’s help, we were able to lock in attractive long-term rates with significant interest-only period, while structuring the debt to provide optimal flexibility. We look forward to continuing our strong relationship with GE.”
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