Holiday Inn Express Acquired With Loan From Ge Capital Solutions, Franchise Finance

Kelco Acquires Branded Hotel with $9 Million

ATLANTA (Thursday, October 11, 2007) - In an effort to continue growing their portfolio, Kelco Management and Development, Inc. acquired a Holiday Inn Express in Atlanta with a $9 million loan from GE Capital Solutions, Franchise Finance.

Kelley D. Slay, president of Kelco, set aside a portion of the loan, which is at a fixed rate for 25 years, to renovate the guest rooms and public areas of the hotel.

"GE Capital Solutions, Franchise Finance was extremely responsive," says Slay. "We had a time constraint and they were able to work in a quick, professional manner and help us close the loan on time."

This is not the first time Kelco has worked with GE Capital Solutions, Franchise Finance.

"Kelco is a client of several years and we enjoy working with them every step of the way to help them grow," says Patrick Feltes, senior vice president, hospitality finance, GE Capital Solutions, Franchise Finance. "We're pleased to help them realize their goals and provide them a fixed rate to do just that."

Kelco is a Jacksonville, Fla.-based hotel management and development company established in 1996. Operating hotels in the Southeast, Kelco devotes itself to exceeding their client's expectations by delivering positive results that count.

GE Capital Solutions, Franchise Finance is a leading lender serving customers in the hospitality, restaurant, branded beverage, automotive after-market, and power sports industries. It provides financing to help franchisees and franchisors grow, compete, and prosper. It offers access to capital with a diverse array of flexible financing options, including funds for purchasing real estate or equipment, new construction or remodels, acquisitions, or refinancing.

About GE Capital Solutions, Franchise Finance

GE Capital Solutions, Franchise Finance is a leading lender for the franchise finance market via direct sales and portfolio acquisition. With more than 30 years of experience and $14 billion in served assets, we serve more than 6,000 customers and more than 20,000 property locations, primarily in the restaurant, hospitality, branded beverage, power sports, and automotive after-market industries. We offer customers access to capital with a menu of products featuring flexible structuring, including financing for acquisitions, refinancing, construction of new units, and remodels for single- and multi-unit operators/chains. More information is available at www.gefranchisefinance.com or by calling toll-free 866-GET-GEFF (438-4333).

GE Capital Solutions provides leasing, lending, and capital investment products and services to help business customers grow. It has more than $90 billion in assets, serves more than a million clients around the world, and is headquartered in Danbury, Connecticut, USA. For more on GE Capital Solutions, go to www.ge.com/capitalsolutions.

GE (NYSE: GE) is Imagination at Work — a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

Contacts

GE Capital Solutions, Franchise Finance, Scottsdale
Christine Roe, 480-563-6260
christine.roe@ge.com
or
Arment Dietrich
Gini Dietrich, 312-787-7249
gdietrich@armentdietrich.com

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