PROVIDENCE MARRIOTT

HOTEL & CONDOS

Providence, RI

Hotel | 350 Rooms

Year Built 1975

EXCEEDING EXPECTATIONS

CHALLENGE 

 

As part of a Property Improvement Plan (“PIP”), Marriott required an upgrade from existing P-TAC units to a quieter HVAC system.  The cost of making this upgrade along with associated other costs required significant new owner capital.

SOLUTION

Developed comprehensive energy project that used energy savings plus PACE financing to fund majority of HVAC costs. The amount raised exceeded the owner's expectations.

OWNER BENEFITS

  • Preserved owner capital by securing $2.5 million PACE loan.

  • Upgraded building systems for improved guest comfort and satisfaction.

  • Secured an additional incentive of $300,000 from utility based on energy savings.