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Healdsburg Hotel Project Snags $63M C-PACE Financing
GreenRock Capital and Petros PACE Finance closed on $62.6 million in Commercial Property Assessed Clean Energy (C-PACE) financing for the construction of the Appellation Healdsburg hotel project located at 101 Dovetail in Healdsburg.
CCS Healdsburg Hotel, LLC, a partnership between Comstock Development Company, Wine Country Holdings and HVH Investment, will develop the property. It’s expected to open in 2025.
“The Healdsburg hotel project is a prime example of a sophisticated developer using C-PACE to supplement their complex capital stack with financing that is both innovative and sustainable,” said Mansoor Ghori, CEO and founder of Petros PACE Finance. “Once considered alternative or niche financing, C-PACE is now poised to lead the commercial real estate industry forward as a mainstream solution for funding across all property types and development needs.”
The project is being developed as part of the broader North Village mixed-use master plan, two miles north of downtown Healdsburg.
- ◦Financing


