Summary
The Dellshire Resort, located in Wisconsin Dells, known as the “Waterpark Capital of the World,” 55 miles northwest of Madison, will be a 208-room, four-story, Medieval-themed hotel, which is part of the initial phase of a 40+ acre master-planned resort and attraction development. Designed to offer a unique guest experience, the expansive hotel will feature a 222-seat restaurant, six pools, a 9.5k square foot arcade and family entertainment center, as well as 6.5k square feet of meeting and event space.
C-PACE Opportunity
Nuveen Green Capital partnered with HALL Structured Finance on a $69 million financing package to fund the overall $106 million development costs for the Dellshire Resort. $27.7 million in C-PACE capital was utilized to fund key energy and water efficiency measures, along with associated soft costs. The Sponsor, Uphoff Ventures, LLC deployed the C-PACE capital mid-construction to lower the project’s overall blended cost of capital, while helping to ensure long-term profitability.
