CleanFund for the construction of the Salt Lake City Convention Hotel. The $54.7 million C-PACE transaction will fund nearly every sustainable upgrade in the city’s new 26-story Hyatt Regency hotel. C-PACE financing funded the HVAC systems, interior lighting and equipment, fans, pumps, and water systems. As a result, the hotel’s energy performance is projected to exceed the energy code compliance level by over 20 percent.
The transaction occurred in a large and growing market, it opened the Salt Lake City market, it involved great effort to complete by year-end, and it is the largest C-PACE transaction in the industry to date.