Washington SpringHill Suites

Property Description

Washington SpringHill Suites is a 128-room Marriott hotel located off the Pacific Highway adjacent to Joint Base Lewis-McChord (JBLM)—the U.S. Department of Defense’s premier military installation on the West Coast and the largest employer in Pierce County.

Loan Usage

The C-PACE loan was used to finance improvements tied to the property's construction, including HVAC and lighting systems and controls, which are expected to generate $114,371 in annual operational savings. The project also received $11.5 million from 1st Security Bank, with a total capital stack of $37.6 million.