Hospitality – Renovation & Franchise Re-positioning

$1,790,000

15YR TERM FIXED RATE C-PACE FINANCING

25%

OF RENOVATION (PIP) BUDGET

$379,175

ENERGY SAVINGS OVER THE LIFETIME OF THE PROJECT

Delta Marriott
Cincinnati, OH

Property Challenge

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.

HASRE is partnership between Counterpointe Sustainable Real Estate and Hannon Armstrong.