PACE Equity Funds Low Cost Capital for Select Service Hotel

Utilizing its dedicated fund, PACE Equity provided $2.3 million in capital for the construction of a new SpringHill Suites by Marriott, a 120-key hotel in Tallahassee, Florida that is part of the expanding select service segment of the hotel industry. Select service hotels have been gaining popularity with developers due to their high consumer demand and low running cost. PACE Equity’s experience and expertise in this sector enabled them to deliver an innovatively structured solution that significantly reduced the transaction cost to the developer.


PACE0424 SpringHill Suites_Web

Download the case study for exact facts and figures within, and learn more about PACE Equity’s contributions to help make the SpringHill Suites by Marriott hotel possible.

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