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California  + Bay Area  + Finance  | 

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.  

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Petros PACE Financing

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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