Wells Fargo launches Hotel Franchise Finance division

The company was founded in 1852, and is present in 42 countries.

Wells Fargo Corporate Banking, part of Wells Fargo & Company, formed the Hotel Franchise Finance division to provide real estate financing to multiunit owners and operators of franchised hotels in the select-service and extended-stay segments. Leading this new division is Scott Andrews, a 17-year banking veteran of the hotel financing industry. Andrews, based in Scottsdale, Ariz., will report to Nick Cole, head of the restaurant finance and gaming division at Wells Fargo Corporate Banking.

“With the launch of this newly formed Hotel Franchise Finance division, and under the leadership of Scott, we look to build a best-in-class middle-market hospitality lending division that meets the growing financial needs of hotel owners and operators nationwide,” Cole said in a statement. “This team will complement our already existing and highly successful Hospitality Finance Group within Wells Fargo Commercial Real Estate to provide financial solutions to serve the broader hotel industry.”

The Hotel Franchise Finance division provides middle-market hotel owners and operators financial solutions, such as fixed- and floating-rate real estate secured term loans, treasury management, interest rate risk management, insurance, private banking, capital markets and advisory services and payroll services.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


Prior to joining Wells Fargo, Andrews ran the middle-market hotel franchise finance divisions at GE Capital Franchise Finance and its successor bank. He holds a bachelor of science in business administration, as well as a master’s degree in business administration from East Carolina University.

Wells Fargo & Company is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,400 locations, 13,000 ATMs, the internet and mobile banking, and has offices in 42 countries and territories.

Suggested Articles

The absolute occupancy and RevPAR levels were the lowest for any Q3 in STR’s U.S. database.

Implementation of Volara’s contactless guest engagement and touchless room controls system is part of a rollout by Viceroy Hotels & Resorts.

U.S. hotel occupancy was virtually flat at 50.1 percent during the week of Oct. 11-17, according to the latest data from STR.