Hotels with the right kind of energy.
For the hotel owner energy efficiency, renewable energy and water conservation improve the value of a property in two ways. First, they reduce operating expenses which directly improves the property’s operating cash flow. Second, they provide for an improved guest experience which translates into increased revenues in the form of higher occupancy and higher room rates. The question is always when should I reinvest in my property and how can I conserve my equity dollars to be used to invest in other opportunities?
PACE provides an attractive financing alternative. Whether part of a PIP program or a repositioning of a property PACE provides 100% financing for improvements that are not cosmetic. It covers everything from roofs, HVAC, windows, lighting, motors, controls, elevators and escalators to renewable energy. All of these improve your operating cash flow, preserve capital and increase the value of your property.
What can be financed with PACE?
Almost any improvement to an existing commercial building can be financed through PACE, because many improvements already have an energy efficiency or renewable energy component to them. Think about that new LED lighting you wanted to install, or the energy-saving windows or insulation. As long as the upgrade is not merely cosmetic, PACE financing may be able to finance the project.
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