Dallas Hotel Scores Retroactive C-PACE Financing

Lone Star PACE facilitated $27M in retroactive C-PACE financing for the HALL Arts Hotel in the Dallas Arts District. Nuveen Green Capital was the C-PACE capital provider.

Financing proceeds will recapitalize previously installed sustainable upgrades that save energy and water, including improvements to the building’s envelope, electrical, lighting, HVAC and plumbing systems. 

Lone Star PACE’s Lee McCormick, said: “Retroactive C-PACE financing is the perfect complement to projects that aim to advance sustainable development without sacrificing returns in the process.”  

C-PACE helps reduce energy and water consumption at commercial and industrial buildings by providing low-cost, long-term, fixed-rate financing for sustainable upgrades. Property owners can use C-PACE to finance new construction, renovations, or retrofits. 

Designed by HKS Architects with interiors by Bentel & Bentel, the 11-story HALL Arts Hotel includes 183 guest rooms and 19 suites.