US Edition$13MM in C-PACE Financing Secured for Construction of 128-Room SpringHill Suites by Marriott Hotel in Lakewood - The Registry
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$13MM in C-PACE Financing Secured for Construction of 128-Room SpringHill Suites by Marriott Hotel in Lakewood - The Registry
Minneapolis, Minnesota (Aug. 18, 2025) – PACE Loan Group (PLG) provided $13 million in C-PACE financing for construction of a SpringHill Suites by Marriott Hotel in Lakewood, Washington, a Seattle suburb. In addition to the C-PACE funds, the project received $11.5 million from 1st Security Bank, with a total capital stack of $37.6 million. The C-PACE proceeds cover energy conservation measures on the property, including ENERGY STAR windows, HVAC…
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