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TownePlace Suites

Project Type: New Construction
Asset Class: Hospitality

This 89-key, Marriott-flag hotel offers spacious suites with full kitchens in the Greater Houston suburb of Tomball. Extended-stay lodging, which targets business travelers staying for multiple nights or weeks, has become increasingly necessary in Tomball as rapid development generates immediate demand from construction crews.

Impact

By obtaining C-PACE financing, the property owner was able to upgrade the building envelope, elevator, HVAC, plumbing, domestic hot water, lighting systems and controls, which enabled Harris County to further its sustainability and economic development goals while reducing demand on the Texas electrical grid. The improvements are expected to reduce the property’s electricity and water usage by 35% and 30% per year, respectively.

hotel