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Local News - Local News - February 14, 2013
Magnuson Hotels hikes loan limit for affiliates
Hoteliers now can borrow as much as $1.5 million for remodels, equipment

By Treva Lind
Of the Journal of Business

Magnuson Worldwide, a hotel services business that offers reservation management and branding support with headquarters in Spokane and London, says it now can offer brand-affiliated property owners greater loan options for renovations or equipment upgrades.

Through its Magnuson Hotels division, the company says it has formed a partnership with Texas-based Ascentium Capital LLC that allows hotel owners who qualify to get up to $1.5 million in financing, up from a $250,000 limit prev...


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