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Wells Fargo creates hotel franchise finance division

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Wells Fargo creates hotel franchise finance division

Wells Fargo & Co.'s corporate banking unit launched a hotel franchise finance division.

The division will provide middle market hotel owners and operators financial solutions, including secured term loans, treasury and risk management, private banking, and advisory services.

Scott Andrews, who previously ran the middle market hotel franchise division of GE Capital Franchise Finance and its successor bank, will lead the newly formed division.