Hospitality – Renovation & Franchise Re-positioning
15YR TERM FIXED RATE C-PACE FINANCING
OF RENOVATION (PIP) BUDGET
ENERGY SAVINGS OVER THE LIFETIME OF THE PROJECT
Built in 1963, this 13-story, 237 room hotel in Cincinnati. Ohio originally operated as a Ramada Plaza until it’s pending repositioning into the Delta Hotels Marriott Cincinnati. Delta Hotels is Marriott’s newest upscale, full-service brand.
The HASRE Solution
A long term, fixed-rate $1.79 million C-PACE assessment that covered major energy efficiency and resiliency improvements including elevator/escalator upgrades, high-efficiency lighting fixtures, HVAC, water heater, building automation, commercial appliances, and a cool roof. The estimated lifetime savings resulting from the energy saving measures total $379,175.