Opportunity
Nuveen Green Capital partnered with Scarlett Hotel Group and Trailbreak Partners to provide $28M in C-PACE financing to fund extensive sustainability measures for the hotel, including building envelope, lighting, HVAC and plumbing improvements.
Property summary
Located on the Riverwalk in central San Antonio, The InterContinental Hotel, formerly a Wyndham Hotel, will be reimagined and renovated to become a luxury hotel and conference center. The 21-story hotel will feature 391 rooms, including a restaurant, lobby and rooftop bars, a coffee bar, an outdoor pool and whirlpool, a business and fitness center, as well as 20K square feet of meeting space.
The entire Nuveen Green Capital team was incredible to work with on the San Antonio InterContinental financing. They exceeded expectations. Easily one of the best lenders from an execution standpoint I have ever worked with.
