OSU-area hotel making $16M in energy efficiency upgrades with PACE financing

The Marriott Hotel & Residence Inn on Olentangy River Road near The Ohio State University main campus will get $16.3 million in energy efficiency upgrades funded through Commercial Property Assessed Clean Energy (C-PACE) financing, Columbus Business First reports. The financing, which was the largest publicly announced C-PACE transaction in the United States in 2018 (see our December 14, 2018 blog post), will fund “a comprehensive building envelope upgrade, lighting improvements and other efficiency measures,” according to the article. The upgrades “are expected to save significant energy costs for the hotel in coming years.” For more, read the full article.

Energy Efficiency, Project Finance