7 November 2022, Calgary, Alberta, Canada –– GuestTek Interactive Entertainment Ltd., the global leader in providing innovative and interactive technology solutions for the hospitality industry, is pleased to announce the refinancing of USD $25.0 million to a senior secured credit facility with Bank of Montreal for long-term operations and corporate growth.
With principal operations located in Canada, Europe, Asia, and the United States, GuestTek’s focus on hospitality means we fully understand and deliver on the technology needs of today’s hotel guests, while engineering the in-room technologies desired by tomorrow’s guests. Our OneView™ platform brings hotel branding to every room, reinforcing the value and services of the hotel property every time a guest turns on the TV or logs in to their device. Because OneView is built in house, proprietary and highly customizable, GuestTek continues to strengthen its competitive advantage in the marketplace.
“Working with the Bank of Montreal was refreshing as they took the time to understand our global business, provide insights into the marketplace and worked effectively alongside our global team. BMO’s expertise and knowledge of the industry will be instrumental in assisting GuestTek in its growth strategy,” said Kate Levy, Chief Executive Officer, GuestTek.
“We’re very pleased to be able to bring GuestTek on as a new global banking relationship. Our expertise and commitment to partnering with our clients to deeply understand their needs enabled us to deliver a comprehensive solution that strengthens and complements GuestTek’s growth strategy,” said Allison Hakomaki, Senior Vice President & Head, Prairies, BMO Commercial Bank, Canada.