Client: Jackson-Shaw Company

Location: Las Vegas, Nevada

Project Type: New Construction

Owned and developed by Dallas-based firm JacksonShaw, the Symphony Park hotel is a five-story 441-key hotel under the dual brands of AC by Marriott & Element by Westin. The development is in Las Vegas’ Symphony Park, a redevelopment site in the heart of the city. PACE Equity is providing $40 million in funding for this project.

  • Hospitality (Flagged)
  • 441 Keys
  • 30-Year Term
  • 40 Million Financing

Located on 61 acres in downtown Las Vegas, Symphony Park is the city’s premier development location – home to arts, culture, science and medicine. It offers one of the city’s most exciting and prime opportunities for retail, restaurant or mixed-use development.

PACE Equity’s strategic capital was deployed to complete the capital stack with low-cost financing as an alternative to more expensive senior debt, delivering improved project IRR.

Additionally, the deferred payment with capitalized interest structure ensures financial flexibility through construction and project stabilization.

CIRRUS Financing

The Symphony Park hotel received CIRRUS Low Carbon verification by demonstrating a lower carbon footprint than comparable assets. Whole-building energy modeling was used to perform this evaluation. The CIRRUS financing program allowed the developers to maintain key branding elements of the hotel such as decorative lighting while receiving recognition for the building’s overall low carbon design.

Energy conservation measures recognized as part of the CIRRUS Low Carbon certification include:

  • High-insulation windows & walls
  • High-efficacy LED interior & exterior lighting
  • Efficient heating and cooling via air-cooled heat pump systems
  • Low flow water fixtures
  • ENERGY STAR rated appliances

Even in a city as famous for opulence and excess as Las Vegas, the developers were able to meet our straight forward and achievable guidelines for low carbon development.

With PACE Equity’s financing, the AC by Marriott & Element by Westin is the first hotel in the Symphony Park district of Las Vegas. The groundbreaking ceremony took place in early 2025.

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