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background-Courtyard Midtown Anchorage

  • Project Type

    Hospitality new development

  • C-PACE Financing ($)

    $14,000,000

  • Term (Years)

    30

  • Location

    Anchorage, AK

Courtyard Midtown Anchorage

Courtyard Midtown Anchorage

Summary

The 141-key Courtyard by Marriott hotel will offer a range of modern amenities and 1,100 square feet of meeting space. Located in midtown Anchorage, the subject will provide the city with much-needed hotel capacity for business and tourist travelers alike.

Opportunity

Nuveen Green Capital partnered with Northrim Bank to provide a $39 million financing package. Nuveen Green Capital was able to provide 25% LTC in cost-effective proceeds, eliminating the need for additional bank participants in a challenging participation market. C-PACER funds will be earmarked for energy-efficiency and seismic-strengthening construction measures.

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Darien, CT
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19 Old Kings Highway South, Suite 210, Darien, CT 06820
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