Magnuson Hotels, in a loan partnership with Ascentium Capital, just increased financing

capability by 6X. Hotel owners needing renovation or hospitality equipment can now qualify for $1.5 Million, up from the original $250,000 limit last October.

The Magnuson Hotels' lending program has been so successful, the company states,

that raising the loan limit was necessary to satisfy the shortage of available hotel funds.

"The lending industry clearly recognizes that Magnuson Hotels' low cost brands provide

global brand recognition along with the immediate liquidity and cash flow needed in this low-growth high-cost economy," stated Thomas Magnuson, CEO of Magnuson Worldwide.

"Nearly 3Ž4 Billion Dollars in bank loans have already been made to hotels carrying the

Magnuson low cost brands," adds Magnuson.

Magnuson's pay-per-booking brand platform contrasts with traditional hotel franchises

such as Wyndham, Choice, Holiday Inn and Carlson. Traditional hotel franchises enforce gross revenue based fees and brand regulations that can decrease net operating income an average of 30%.

Ascentium Capital specializes in providing financial solutions to open new avenues for

growth and profit for small businesses located in the US. Ascentium Capital is backed by Vulcan Capital, the private investment group of Paul G. Allen, and a group of investors led by LKCM Capital Group, LLC ("LKCM"), the alternative investment vehicle for Luther King Capital Management.

About Magnuson Hotels

Magnuson Hotels was founded in 2003 as the world's first independent hotel chain. Today, over 2000 hotels across North America and Europe have increased revenues via the Magnuson Independent Hotel Group and the Magnuson Hotels Fair Franchise Brand:

For more info:
www.magnusonhotelsworldwide.com
[email protected]

Magnuson Hotels
US: +1509.747.8713 or UK: +44 208 767 4878
Magnuson Hotels