Lafayette, CO—Colorado C-PACE today announced that BlackRidge Companies will use C-PACE financing to construct a new Homes2 Suites by Hilton® extended-stay hotel near Denver International Airport. The financing will be used to incorporate various energy-efficiency design features into the 71,065 square-foot facility located at 9193 E. 47th Avenue.
Montana-based BlackRidge Companies, which specializes in the development of hotels and multifamily properties, is the project developer. Tim Wilson of BlackRidge said, “BlackRidge is excited about our first C-PACE project in Colorado.” He added, “C-PACE financing allowed us to maximize energy-efficient measures and systems throughout the design of the hotel, resulting in a high-performing building that will be efficient to operate which in turn adds value to the asset.”
PDC Engineering, in collaboration with BlackRidge, provided the technical support and analysis necessary to qualify the project for C-PACE financing. Jacob Goodman of PCD Engineering said, “We are happy to have assisted the BlackRidge team in developing an energy efficient, quality product that will deliver low operating costs for years to come.”
Andrew Meyer of Twain Financial Partners, who provided the C-PACE financing for the project, said, “Twain’s financial services combined with the Colorado C-PACE program continues to offer our clients well-structured and financially sound projects, and we look forward to working together on many more projects in the future.”