PACE funding has been around for years, but has gained new traction and popularity since the pandemic. What many property owners don’t realize is that this type of financing is a great option for development, including for the hospitality industry. Hotel development requires a lot of capital, and it’s critical to choose the lowest cost […]
CPACE Financing: Energy Efficiency in Hotels
Did you know hotels spend an average of $2,196 on average each year per room? According to Energy STAR, this accounts for approximately 6% of operating costs for the average hotel. Upgrading to energy efficient equipment and systems in your hotel can significantly reduce operating costs and increase profits. Yet, many hotels simply don’t have […]
Using CPACE Financing for New Hotel Construction
CPACE financing offers a unique capital solution for new hotel construction. PACE funding was designed to help businesses improve and construct new buildings. Additionally, repayment for this financing option is usually spread out over years. If you are building a new hotel, you should consider PACE financing to assist with construction costs. CPACE Financing […]