$6.8 million PACE Funded Hotel Retrofit

 Hotel PIP

The former Constance Hotel in downtown Pasadena, CA has been transformed into a luxury dusitD2 hotel. The hotel used PACE for a comprehensive energy efficiency project that included new HVAC equipment, LED lighting, elevator motors/controls, a water system overhaul and insulation. The property will realize a 200,000 kWh electricity reduction and reduce water consumption by an estimated 3.2 million gallons annually. The project financing term was for 20 years. The longer term fixed financing terms under PACE financing reflect the unique structure of a PACE deal. See hotel photos at the dusitD2 website or view their dusitD2 Hotel Marketing Brochure.