Opportunity
The hotel utilized over $7M of C-PACE to finance an adaptive reuse project which included a large-scale solar array that will allow the property to generate its own electricity for lighting, heating, cooling and hot water for its common areas, restaurant, laundry, meeting rooms, and 165 guest rooms and suites. C-PACE financing was also used for envelope measures such as: roofing, windows, insulation and lighting. The hotel will use 80% less energy than a typical hotel in the United States.
Property summary
Hotel Marcel, which is part of the Tapestry Collection by Hilton, is the first anticipated net-zero hotel and Passive House-certified hotel in the United States. The building, which originally opened in 1970, is listed on the Connecticut Register of Historic Places and the National Register of Historic Places. The property was purchased by architecture firm Becker + Becker in December of 2019, who decided to convert it into a hotel that would embrace the architectural legacy of the building, as well as sustainability.
We are strongly committed to not using any fossil fuels, instead relying on solar, 100% electrification and energy efficiency measures. C-PACE financing helped to make this a financially beneficial goal.
