FeaturedfinanceHotel Business··1 min·For: Owner, Investor, GM
ErieView Secures $218M to Bring W Hotel to Cleveland
ErieView Development has closed $218 million in financing to convert the historic Erieview Tower into Ohio's first W Hotel alongside 215 rental apartments and office space. The mixed-use development is backed by a record $93.4 million C-PACE package and is slated to open in late 2027.
Key Takeaways
- 1The $218M adaptive reuse project will add a 210-key W Hotel and 215 branded rental apartments by late 2027.
- 2Financing includes Ohio's largest C-PACE deal at $93.4 million from Nuveen Green Capital, plus $20 million from ERIEBANK.
- 3Amenities include a 38th-floor signature restaurant, a 15,000-sq.-ft. ballroom, spa, and turnkey Class A office space.
Source: Hotel Business
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