financeHotel Management··1 min·For: Owner, Investor, GM, Ops
Nuveen Closes Record C-PACE Deal for Westin Peachtree Plaza
Nuveen Green Capital has closed a $63.97 million C-PACE loan, the largest in Georgia's history, to fund the acquisition and a 36-month renovation of the 1,073-room Westin Peachtree Plaza.
Key Takeaways
- 1Utilize C-PACE financing as a long-term, fixed-rate, non-recourse capital source for large-scale renovations and acquisitions.
- 2Execute phased renovation strategies to maintain operational continuity over multi-year project timelines.
- 3Leverage clean energy financing structures to support sustainability goals while reducing the overall cost of capital.
Source: Hotel Management
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