Hotels Are Harnessing the Power of PACE to Meet Sustainability Goals
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Hotels Are Harnessing the Power of PACE to Meet Sustainability Goals
Amid widespread demand for sustainability and low-cost debt, one asset type is leading the charge for Texas’ Commercial Property Assessed Clean Energy program. Hospitality groups are increasingly turning to C-PACE to help finance new and existing projects, with half of loans administered by Lone Star PACE so far this year tied to hotels. Owners are…
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How Hotel Property Owners Can Afford to Maintain Sustainability
To provide services for guests, hotel properties are prone to consuming a high volume of energy and water. Heating, cooling, lighting, laundry, irrigation, and operating swimming pools are just some of the activities that drive usage. Just how much? A recent report from the Urban Land Institute reveals that hotels are among the highest energy…