Petros MarriottColumbus v2

T H E C L I E N T

T H E N E E D S

• Efficient lighting with controls

• Comprehensive building envelope upgrade

T H E C H A L L E N G E

T H E S O LU T I O N

T H E R E S U LT S

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Columbus, Ohio258,631 SF | Built in 2017

Marriott Hotel & Residence Inn

Continental and Concord sought to refinance their higher cost of capital that was used to fund the efficiency upgrades to the hotel.

Publicly enabled and privately funded capital source incentivized forward thinking, sustainable building designs without the use of taxpayer dollars.

• Developer secured a more efficient capital stack and long-term interest rate hedge, ensuring the long-term stability for their capital stack.

• Developer secured lower cost, non-recourse capital to refinance the infrastructure upgrades.

• Improved developer’s ability to service debt and generate free cash flow on the asset.

• Upgrades reduced utility expenses for the hotel owner and modernized the facility, making it more attractive to investors and guests and reducing the carbon footprint.

C-PACE financing enabled upgrades to the 345-key dual brand Marriott Hotel & Residence Inn near the Ohio State Campus.

Continental Hospitality Group invests in premium quality hotels in proven markets nationwide for both ground-up development and adaptive reuse. Concord Hospitality Enterprises is an award-winning hotel management, ownership, and development company with 30 years of experience partnering with owners and investors across the US and Canada.

Project Highlights

Largest C-PACE Fundingin Ohio in 2018

2nd Largest C-PACE Projectin U.S. in 2018

$16.3 MillionC-PACE

T H E PA R T N E R S

Bricker & EcklerColumbus-Franklin County

Finance AuthorityColumbus Regional Energy Special

Improvement District PACE Program

with the experienced team at Petros PACE Finance. C-PACE

PHONE: 512.599.9038 | EMAIL: info@petrospartners.com

www.petros-pace.com

W H Y P E T R O S PAC E F I N A N C E ?

We're growing quickly and we're taking our

ranging from $500,000 to $ 00 million or more.

We use private funds from

sustainability and economic development.

costs with no out-of-pocket

Ability to recover as

up to 30-year terms

Facilitates sustainable building design

Promotes economic development and urban

Displaces higher cost mezzanine and equity capital