AC Hotel by Marriott
Opportunity
Utilizing C-PACE financing helped to reduce the cost of capital for the project while the integration of large-scale energy saving elements into the new development project, including building envelope, windows, plumbing, lighting and controls and HVAC, will save money and energy for years to come.
Property Summary
509-533 North Park Street in Columbus, OH is the location for the new construction hotel project, The AC Hotel by Marriott, an 8-story, 161-room hotel located in the city’s urban Arena District. The hotel development is supported in part by C-PACE financing for its energy saving measures which lowered the cost of capital needed for the project, and will save the hotel money and ensure its guests’ comfort for years to come.
“By working with Nuveen Green Capital and incorporating C-PACE on this new development, we were able to fill in the capital stack of
the project and improve returns on the deal.”
– Tony Mathena, Continental Real Estate Companies
C-PACE Financing ($)
Loan Term (years)
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