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Haven Trust Bank was organized by hotel owners, so we view Magnuson’s rapid industry rise as a proven low cost franchise alternative favorably from a lending perspective,” added Patel. “Magnuson Hotels is the world’s largest independent hotel group, utilizing a complete global reservation system.”
“When Magnuson’s independent hotel owners access competitively priced Haven Trust Bank loans, they will no longer be at a disadvantage to their big chain competitors,” stated Thomas R. Magnuson, Principal/CEO of Magnuson Hotels. “Our mission is to relentlessly increase revenue and reduce costs for hotel owners.”
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FOR MORE INFORMATION PLEASE CONTACT:
Susan Battle Senior Vice President-SBA Lending Haven Trust Bank
678-500-1701 sbattle@haventrustbank.com
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About Magnuson Hotels
In only four years, Magnuson Hotels has become the 17th largest worldwide hotel company, adding more new hotels than 8 out of the top 10 branded hotel chains combined. Driving the rapid growth of the independent hotel market are several commoditizing market forces including; franchise defectors faced with increased brand compliance/ operating costs; brand saturation from 300 hotel brands, 26 added in last 24 months; consumer pricing control via Internet; new online independent hotel supply increase from resorts, mom and pops, rural markets.
For more information visit http://www.magnusonhotels.com |
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| Benefits of Magnuson |
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Hotels/Haven Trust Bank “no
franchise required” loans |
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Haven Trust Bank, a preferred SBA Lender was organized by
hotel owners. |
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Fastest loan turnaround, decision time for a loan of up to $2 Million can be as fast as two days. |
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Loan terms ranging from 12
months to 25 years. |
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Full line of hotel, commercial,
industrial lending available. |
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| Increase your occupancy and average daily rate with a Magnuson Hotels/Haven Trust Renovation Express (FFE) Loan. |
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Renovate or expand your
hotel/motel. |
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Purchase new equipment or
finance large repairs. |
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Borrow money to operate your
business (line of credit for working
capital. |
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| Buy additional hotels/real estate with a Magnuson Hotels/Haven Trust Acquisition Express Loan. |
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Borrow for new construction. |
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Leverage your borrowing power,
using your existing assets as
equity. |
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