Hyatt House Orlando receives $32.15 million C-PACE loan from PACE Loan Group

Minneapolis, Minnesota (Jan. 8, 2026) – PACE Loan Group (PLG) closed a $32.15 million C-PACE loan this week for a new 274-room Hyatt House hotel in Orlando, 6469 Westwood Blvd. The hotel, set to begin construction in Q1 2026, will have direct accessibility to the Orange County Convention Center via a pedestrian skyway.

“This was an innovative structure with PLG acting as the senior lender with other structured capital completing the capital stack. The competitive pricing from the C-PACE loan enabled us to move forward with this exciting project,” said Joel Rosen, President – of GFI Hospitality, the lead partner in a joint venture with LCP Group. Both real estate investment groups are based in New York and have been investing in and operating hospitality projects across the country for more than 40 years.

“We were thoughtful in how we structured this loan, maximizing the

C-PACE proceeds after the energy audit was completed, which was after the initial term sheet was issued,” said Jerry Ellis, Managing Director and Head of Loan Structuring – PACE Loan Group. “This provided a more cost-effective capital stack for the sponsors.”

Crescent Hotels, a national hospitality management firm, will operate and manage the property upon completion.

With 274 rooms, an on-site restaurant, bar, and fitness center, the hotel expects to attract both business and leisure travelers. The extended-stay hotel, located on approximately five-acres, will offer 60 percent of its units with full kitchens and 40 percent will be standard hotel rooms.

The Orange County Convention Center (OCCC) is a major economic driver in Orlando, ranked as the second-largest convention center in the U.S. with 2.3 million square feet of exhibition space and drawing an average of 1.4 million attendees annually. In 2024, it hosted 1.74 million attendees across 172 events.

The C-PACE loan will cover energy-efficient HVAC, elevators, windows, high-efficiency plumbing, lighting, and mechanical systems. The development team includes general contractor Cleveland Construction and architect Behar Peteranecz, Inc.

Media Contact:

Martha Nevanen

Martha@paceloangroup.com

651-492-5861