Hospitality – New Construction
20YR TERM FIXED RATE C-PACE FINANCING
Est. Annual savings of the lighting Upgrades
Est. Annual Savings of the HVAC Upgrades
Los Angeles, CA
The AC Hotel Marriott developed by the Koplar family with One York LLC, HomeBase Partners and Concord Hospitality Enterprises will be the first new construction boutique hotel in the Central West End market area of St. Louis, Missouri. The property will feature 192 guest rooms, 828 square feet of meeting space and several amenities including a swimming pool.
The HASRE Solution
The AC Hotel Marriott qualified for C-PACE financing that will include energy efficient upgrades to the HVAC and LED installations. Hannon Armstrong provided $4.64 million in proceeds, structured as a fully amortizing 20-year term at a fixed interest rate note. The estimated lifetime energy savings on the property is $4.09 million.