RobertDouglas, in partnership with GreenRock Capital, represented Storie Co. and GBX Group in securing C-PACE financing for its 40-key Trailhead Lodge Rocky Mountains and 46-key The Outpost hotels in Estes Park, CO.
The $6 million was authorized by the Colorado New Energy Improvement District, which administers the Colorado Commercial Property Assessed Clean Energy (C-PACE) program, and features an attractive fixed-rate C-PACE financing solution in partnership with the senior lender.
“This is an excellent demonstration of a strategic approach to total investment allocation, whereby the Storie Co. and its partner GBX Group can tap into the previous owner’s significant investment through retroactive C-PACE to enhance the overall capital stack,” said Andrew Heilmann, managing director, RobertDouglas.
Chris Wall, cofounder/CIO, Storie Co., added, “Collectively, RobertDouglas and GreenRock had the ideal combination of expertise and creativity on the strategic use of C-PACE financing for us to maximize value to our investors, as they worked hand in hand to realize our goals.”
