CWB Franchise Finance Leads Facility Syndication for InnVest Hotels

CWB Franchise Finance led a syndicate to provide a $109 million loan facility to InnVest Hotels, owners of 92 hotels across Canada. The loan facilities will be used to refinance existing debt and invest in capital projects and opportunistic acquisitions, and are secured against a portfolio of six of InnVest’s assets located across Ontario, Manitoba and New Brunswick. CWB Franchise Finance is proud to hold the majority position and lead the syndicate with partners including ICICI Bank Canada and Fiera Properties Limited.

“CWB Franchise Finance truly are hotel financing specialists with deep understanding of the industry,” said George Kosziwka, CFO of InnVest Hotels. “It was a pleasure working with Ed and his team. Their knowledge of the brands and markets coupled with competitive terms, made the transaction run smoothly from start to finish.”

“We’re pleased to support InnVest as they continue to grow across Canada,” said Ed Khediguian, senior vice president of CWB Franchise Finance. “As specialists in the Canadian hospitality industry, we’re looking forward to more opportunities to work with InnVest and other hotel owner-operators looking for tailored, creative, and robust financing structures that align with their borrowing and growth needs. Our in-depth understanding of the hotel market, alignment with high quality owners and products that enhance our clients’ return on equity has been key to our success over the past 15 years.”

CWB Franchise Finance, a division of CWB Financial Group, specializes in financing for regional and national restaurants and hotels and is a leading lender to the Canadian restaurant and hospitality industries. Previously GE Capital Canada’s franchise financing arm, CWB Franchise Finance was acquired by CWB Financial Group in 2016 following a successful track record of more than 800 clients with upwards of 1,525 property locations over 14 years. To date, more than $3 billion has been invested in the Canadian hotel and restaurant space.

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