hotel business to Western Alliance Bank, a wholly owned subsidiary of Western Alliance Bancorporation (NYSE: WAL). The sale includes approximately $1.4 billion in ending net investment (ENI) and the majority of the hotel business employees. The business provides real estate financing to owners of limited service hotel properties. Separately, GE also reached an agreement to sell its Canadian Franchise Finance business, including most employees, to a different buyer, representing about $0.3 billion in ENI. The business provides financing primarily to the Canadian hospitality and restaurant industries. Were pleased to sell the U.S. hotel portion of our Franchise Finance business to Western Alliance, a fast growing bank that is committed to the business, customers and employees, said Keith Sherin, GE Capital chairman and CEO.
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