Lone Star PACE Facilitates $11 Million C-PACE Project for Beaumont Hotel Renovation
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Lone Star PACE Facilitates $11 Million C-PACE Project for Beaumont Hotel Renovation
Lone Star PACE, the leading administrator of C-PACE financing in Texas facilitated the closing of a $11 million Commercial Property Assessed Clean Energy (C-PACE) transaction for the redevelopment of the MCM Elegante Hotel, located at 2355 I-10 in Beaumont. The project will transform the existing hotel into a 287-key, dual-branded Courtyard and Element Hotel by…