A historic hotel will soon see significant energy savings thanks to a loan program designed for energy efficiency upgrades. A $2.64 million C-PACE loan financed through PACE Equity will contribute toward the renovation of a building constructed in 1915 into a Hilton Tapestry boutique hotel.
The Virginia PACE Authority oversees the C-PACE program in Virginia which funds energy efficiency projects on commercial properties through low-interest loans.
See the press release here.