Overview

The hospitality industry is constantly looking for new ways to improve guest experiences while keeping operating costs under control. PACE financing has emerged as a strategic tool for meeting these goals. For example, the Avid Hotel in Lexington-Fayette County used PACE financing to fund energy-efficient construction elements, which resulted in lower utility costs and a better guest environment. By incorporating PACE financing into their development plans, hotel operators can reallocate resources to other critical areas like marketing and staff training, increasing overall market competitiveness. This approach not only generates immediate financial benefits, but it also helps to achieve long-term sustainability goals by attracting environmentally conscious travelers and setting a new standard in the hospitality industry. ​