Latest news with #CommercialPropertyAssessedCleanEnergy
Business Wire
a day ago
- Business
- Business Wire
Voyage Capital Group Closes Acquisition and Construction Loan for AC Hotel by Marriott at Denver Gateway Park
DALLAS--(BUSINESS WIRE)--Voyage Capital Group, a Dallas-based real estate investment and development firm, is pleased to announce the successful closing of an acquisition and construction completion loan for the AC Hotel by Marriott located at Denver Gateway Park in Denver, Colorado. Voyage Capital Group has closed financing for a 146-key AC Hotel by Marriott in Denver Gateway Park, with opening slated for late 2026. Share The financing was originated by Peachtree Group, based in Atlanta, Georgia, and includes a strategic capital stack that combines Senior Debt with Commercial Property Assessed Clean Energy (CPACE) financing to support the development and completion of the hotel. Learn more at The project will feature a 146-key, seven-story, approximately 75,000-square-foot AC Hotel — part of Marriott International's rapidly expanding lifestyle portfolio. Construction is actively underway, with the property expected to open in late 2026. Accurate Builders, headquartered in Dallas, Texas, has been selected as the general contractor for the project. With a proven track record of delivering high-quality hospitality projects across the country, Accurate Builders brings extensive expertise to ensure successful execution. Learn more at AC Hotels by Marriott, originally founded in Spain and incorporated into Marriott's global portfolio in 2011, is known for its modern, European-inspired design, sleek aesthetics, and curated guest experiences. The brand appeals to both business and leisure travelers seeking a sophisticated and efficient hotel stay, with a focus on purposeful design, locally inspired touches, and high-end amenities delivered with understated style. Jai Desai, President and CEO of Voyage Capital Group, commented: 'This was a highly complex project with many moving parts, but we were able to bring it to fruition thanks to the exceptional team at Peachtree Group. Their expertise and commitment were instrumental in getting this deal across the finish line. A special thank you to Michael Harper and Peter Laack — we look forward to many more successful transactions together in the future.' The AC Hotel at Denver Gateway Park is expected to be a prominent addition to the local hospitality landscape, offering guests elevated accommodations in a fast-growing submarket of Denver. About Voyage Capital Group Voyage Capital Group is a Dallas-based real estate investment and development firm focused on value-add and opportunistic projects, with a specialization in hospitality. The firm has a national footprint and an active pipeline of acquisitions, ground-up developments, and brand conversions within top-tier hotel markets.
Yahoo
2 days ago
- Business
- Yahoo
City of Huntsville Launches New C-PACE Program and Selects Lone Star PACE as Administrator
Program launch marks another significant milestone in expanding access to the sustainable financing tool across Texas. DALLAS, June 18, 2025 (GLOBE NEWSWIRE) -- Lone Star PACE, a leading facilitator of Commercial Property Assessed Clean Energy (C-PACE) financing in Texas, is proud to announce it has been selected as a program administrator for the City of Huntsville's newly launched C-PACE program. This addition brings Lone Star PACE's jurisdictional footprint to 26 cities and counties across Texas. Huntsville City Council voted to approve Lone Star PACE as an administrator during its June 17th meeting. The company is led by registered municipal advisors with experience financing more than $45 billion in public benefit projects nationwide. Since 2020, Lone Star PACE has facilitated $338M in C-PACE assessments for projects totaling $1.5B in value. The City of Huntsville's new C-PACE program will: Allow Lone Star PACE to help property owners in Huntsville access C-PACE financing, which supports resource conservation by funding energy and water-efficient upgrades at commercial buildings. Provide property owners with increased access to flexible, long-term financing that can fill up to 35% of the capital stack, making sustainability upgrades more accessible. Drive redevelopment, attract investment and support Huntsville's economic development goals amid sustained population growth. Promote local workforce development by spurring new projects that require skilled labor in the construction, engineering, and energy-efficiency sectors. Lee McCormick, President of Lone Star PACE, said: 'We're thrilled to bring C-PACE to Huntsville, a community that's experiencing steady growth and economic momentum. C-PACE is a smart, forward-thinking tool that will help the city sustainably manage that growth while attracting new investment and conserving critical resources — all without the use of public funds." Commercial Property Assessed Clean Energy (C-PACE) is a state-enabled program that allows property owners and developers to access low-cost, long-term financing for energy and water conservation systems at commercial buildings. Property owners can use C-PACE to finance new construction, renovations, retrofits or recapitalizations. C-PACE projects are funded through private capital providers and do not rely on taxpayer funds. About Lone Star PACELone Star PACE serves as a program administrator for city and county Commercial Property Assessed Clean Energy (C-PACE) programs in Texas. We help local governments, economic development corporations, chambers of commerce, and trade associations promote economic development and resource conservation by facilitating C-PACE projects alongside property owners, capital providers, contractors, and other stakeholders. Our goal is to promote sustainability as well as increased property values while positively impacting cash flow and utility savings. If you have a project that could benefit from C-PACE financing, contact Lone Star PACE today. Media Contact: Olivia Lueckemeyer Director of Marketing & Media Relations, Lone Star PACE Olivia@
Yahoo
27-05-2025
- Business
- Yahoo
Lone Star PACE Selected as an Administrator of North Central Texas Council of Governments' Regional C-PACE Program
DALLAS, May 27, 2025 (GLOBE NEWSWIRE) -- North Central Texas Council of Governments (NCTCOG) has selected Lone Star PACE to serve as an administrator of its newly launched Commercial Property Assessed Clean Energy (C-PACE) program, marking a significant step toward expanding sustainable development across the rapidly growing North Texas region. C-PACE is an innovative financing mechanism that enables commercial property owners to fund energy efficiency, water conservation and renewable energy improvements through long-term, fixed-rate financing repaid via a voluntary property assessment. This approach allows property owners to undertake substantial building upgrades without upfront capital, often resulting in improved cash flow and increased property value. Lee McCormick, President of Lone Star PACE, said: 'We are honored to partner with NCTCOG in bringing a unified C-PACE program to North Texas. This regional approach simplifies access to sustainable financing, fostering economic development and resource conservation across multiple jurisdictions.' The introduction of a regionwide C-PACE program is poised to deliver significant sustainability benefits. By facilitating energy and water efficiency upgrades, the program supports the conservation of vital natural resources that are experiencing record-high demand due to North Texas's rapid population growth and influx of corporate relocations. For municipalities, the regional C-PACE program presents an opportunity to stimulate local economies without relying on taxpayer dollars. By enabling private investment in private buildings, cities and counties can drive job creation, enhance the local tax base and promote environmental stewardship. Susan Alvarez, Director of Environment & Development for NCTCOG, said: 'We look forward to expanding PACE resources in the NCTCOG region!' Property owners stand to benefit from reduced operating costs, improved building performance and access to investment-grade capital that can be used for a wide range of eligible improvements, including HVAC systems, lighting, insulation, solar panels and water conservation measures. Lone Star PACE brings extensive experience to its role as program administrator, having facilitated more than $330 million in C-PACE assessments for projects totaling $1.5 billion across Texas. The firm's collaborative approach involves working closely with local governments, property owners, capital providers and senior lenders to ensure successful project implementation. About Lone Star PACELone Star PACE serves as a program administrator for city and county Commercial Property Assessed Clean Energy (C-PACE) programs in Texas. LSP helps local governments, economic development corporations, chambers of commerce and trade associations promote economic development and resource conservation by facilitating C-PACE projects alongside property owners, C-PACE capital providers, contractors and other stakeholders. The company's goal is to promote sustainability as well as increased property values while positively impacting cash flow and utility savings. For more information, visit About North Central Texas Council of GovernmentsThe North Central Texas Council of Governments (NCTCOG) is a voluntary association of local governments established in 1966 to assist local governments in planning for common needs, cooperating for mutual benefit and coordinating for sound regional development. NCTCOG's purpose is to strengthen both the individual and collective power of local governments and to help them recognize regional opportunities, eliminate unnecessary duplication, and make joint decisions. NCTCOG serves a 16-county region of North Central Texas, which is centered in the two urban centers of Dallas and Fort Worth. For more information on the Environment and Development Department, visit Media Contacts: Olivia LueckemeyerDirector of Marketing & Media RelationsLone Star PACEolivia@ Susan AlvarezDirector of Environment & DevelopmentNorth Central Texas Council of Governments (NCTCOG)salvarez@
Associated Press
19-03-2025
- Business
- Associated Press
Aemetis Plans $130 Million Funding Under Newly Expanded Stanislaus County C-PACE Program
NEWMEDIAWIRE) - Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity renewable fuels, announced today that the Stanislaus County Board of Supervisors unanimously approved an extension of the County's Commercial Property Assessed Clean Energy (C-PACE) program at its March 11, 2025, meeting. Established by the approval of local governments, C-PACE programs can be used by private industry to finance energy efficiency upgrades and renewable energy facilities. 'We appreciate the Board and staff of Stanislaus County for their support of the C-PACE program in Stanislaus County that we expect to help Aemetis fund energy efficiency and renewable energy projects and refinance recently completed projects,' stated Eric McAfee, chairman and CEO of Aemetis. 'The C-PACE program provides longer 30 year terms and repayment through property tax bills so provides a new source of capital for growing our business.' Stanislaus County's recent action approves participation in the California Enterprise Development Authority, which allows financing of private projects through state municipal bonds that are free of state taxes to the lenders. In addition, payments through County property tax bills provide lenders enhanced protections and liquidity, helping raise funds for qualifying projects. Aemetis renewable energy and energy efficiency projects expected to be eligible for C-PACE financing include the Keyes plant mechanical vapor recompression system, the expansion of dairy renewable natural gas production, and the planned Riverbank Sustainable Aviation Fuel plant, as well as refinancing of the recently completed Keyes solar generation system and renewable natural gas upgrading hub. About Aemetis Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development and commercialization of innovative technologies that replace petroleum products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit Safe Harbor Statement This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2025 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, and carbon sequestration facilities; our ability to promote, develop, finance, and construct facilities to produce biogas, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as 'anticipates,' 'may,' 'will,' 'should,' 'believes,' 'estimates,' 'expects,' 'intends,' 'plans,' 'predicts,' 'projects,' 'showing signs,' 'targets,' 'view,' 'will likely result,' 'will continue' or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws. External Investor Relations Contact: Media Contact: Todd Waltz (408) 213-0940
Associated Press
07-02-2025
- Business
- Associated Press
$33.7 Million C-PACE Financing Secures Future for Four Seasons Embarcadero Hotel in San Francisco
SAN FRANCISCO, CALIFORNIA / ACCESS Newswire / February 7, 2025 / The iconic Four Seasons Embarcadero Hotel, a recently renovated and rebranded luxury property in the heart of San Francisco, has secured $33.7 million in Commercial Property Assessed Clean Energy (C-PACE) financing to fund sustainable upgrades to its plumbing, building envelope, and electrical systems. This financing comes at a pivotal moment for the 155-key hotel, located at 222 Sansome Street, which was facing foreclosure before the transaction was completed. The C-PACE funding will support sustainability-focused improvements that enhance energy efficiency and long-term resilience, reinforcing the commitment to modern, environmentally conscious hospitality by one of San Francisco's premier luxury hotels. 'This transaction demonstrates the strength of CounterpointeSRE's innovative financing solutions in preserving landmark properties and supporting the revitalization of San Francisco's hospitality sector' said Eric Alini, CEO of CounterpointeSRE. CounterpointeSRE has strengthened its hospitality lending platform with the addition of industry veterans Gavin Elwes, Jo Hastings, and Kyle Geoghegan. C-PACE financing is designed to support energy-efficient and sustainable building upgrades, allowing property owners to repay costs through a special property tax assessment. The structure enables long-term investment in infrastructure without the burdens of traditional debt. Preserving Key Economic Assets The Four Seasons Embarcadero Hotel, perched on the top floors of a historic high-rise, offers panoramic views of the city and San Francisco Bay. Following the extensive renovation, the hotel continues to be a sought-after destination for both business and leisure travelers. This transaction highlights the growing role of C-PACE financing in urban markets facing economic challenges. The hospitality industry has been reported to be the largest asset class to incorporate C-PACE into capital stacks for new construction as well as recapitalizations. With this financing in place, the Four Seasons Embarcadero is positioned for long-term success while maintaining its status as a premier luxury destination in San Francisco. About CounterpointeSRE CounterpointeSRE operates at the intersection of commercial real estate and energy industries providing mortgage, C-PACE and other energy financial products. As a portfolio company of MassMutual, our focus is to provide one-stop sustainable finance solutions to commercial real estate owners/operators.
