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Peachtree and Lone Star PACE Facilitate Funds for Renovation
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Peachtree and Lone Star PACE Facilitate Funds for Renovation
BEAUMONT, Texas—Peachtree Group, alongside Lone Star PACE, announced the closing of a $11 million Commercial Property Assessed Clean Energy (C-PACE) transaction for the redevelopment of the MCM Elegante Hotel. The project will transform the existing hotel into a 287-key, dual-branded Courtyard and Element Hotel by Marriott. The Courtyard portion will include 135 rooms, while the Element Hotel will offer 152 rooms designed for extended-stay guest…
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