PACE Hotel Development
PACE financing offers hotel owners exclusive repayment solutions.
Twain Financial has helped hotels—both independent and large franchises—secure the capital needed to fill in funding gaps or replace more expensive funding through PACE Financing. It’s a program that offers non-recourse loans with innovative repayment solutions that make it a low-cost loan option. We’ve partnered with new construction and gut rehabilitation developers across the country to decrease future expenses and increase property value in numerous hotel and hospitality projects.
We can provide PACE financing for up to 20% of an eligible project’s total cost.
Hotel development projects we’re proud to have been a part of include:
Hyatt partners with Twain Financial to secure a $6 million PACE loan.
We financed a $6,000,000 PACE loan for the Hyatt Hollywood, which will be used to finance many energy efficiencies within the hotel including LED lighting, a high efficiency HVAC system, an energy storage system, insulation, and energy glass.
Twain provides PACE funding for energy-efficient Courtyard by Marriott.
Partnering with LN Hospitality Denver, a premiere hospitality company, we originated and funded the hotel project, which totaled $3,913,475. Funding will cover installation of an energy-efficient HVAC system, water-heating system and indoor and outdoor lighting at the new Courtyard by Marriott.
Amarillo’s first PACE project secures $6.4 million in funding.
We were able to secure the PACE capital to convert the vacant, historic Barfield office building into a Mariott Autograph Hotel. The financing will fund multiple measures, including energy-efficient updates such as HVAC, LED lighting, improved water efficiency and building envelope.