Dec. 11, 2012
-- The hospitality firm headquartered in downtown Spokane, FairBridge Hotels International, announced its partnership with Ascentium Capital to help hotels finance the expenses of taking on a new brand.
Properties that sign with FairBridge Hotels can now access up to $250,000 with just a one-page application and credit approval on the same day. The loans will extend financing from as low as $5,000 on terms as long as 72 months to assist with the hard and soft costs associated with changing brands.
“One of the things we kept hearing from independent hotel owners,” said Frederick Schoener, Director of Brand Operations, “is that the cost of a new sign seems prohibitive in this economy. Our partnership with Ascentium alleviated that hardship, so that anyone can benefit from the expert support and revenue-boosting technology of our membership model.”
Ascentium Capital provides financial solutions to open new paths to growth and profit for small businesses. Ascentium Capital is backed by Vulcan Capital, the private investment group of Paul Allen, and a group of investors led by LKCM Capital Group, the alternative investment vehicle of Luther King Capital Management.