Deloitte surveys indicate that 95% of business travelers believe the hotel industry should be undertaking “green” initiatives. This has led to Property Improvement Plans (PIP’s) geared toward these very endeavors, putting more pressure on hotel owners to either refinance their existing mortgages or use equity to fund these required improvement plans. C-PACE provides an alternative way to mitigate the high costs of PIP’s without refinancing the existing mortgage. C-PACE can pay for the energy efficient elements of these PIP’s, including such items as new low flow fixtures, LED lighting, new windows and automated energy control systems; thus reduce the equity burden. C-PACE clients may also pass through the PACE payments as a “green tax” or “sustainability fee” to their hotel guests.
Property Improvement Plans and Rebranding
Property Improvement Plan
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"It's not about what it is, it's about what it can become." --Dr. Seuss