Clearwater PACE closes $33M financing for wellness resort

What's the deal? Clearwater PACE has closed US$21.4M C-PACE financing deal for the Ameyalli Wellbeing Resort. C-PACE — short for Commercial Property Assessed Clean Energy — is a financing mechanism that allows commercial property owners to fund energy efficiency and sustainability improvements through long-term, fixed-rate assessments tied to the property.

Why now? The wellness and hospitality sectors are seeing renewed investment as developers seek to combine sustainability with premium guest experiences. C-PACE financing has gained traction in recent years as a tool for funding green building features without straining traditional capital stacks, making it attractive for large-scale resort developments.

The signal: C-PACE financing is carving out a growing niche in commercial real estate as developers look beyond traditional lending to fund sustainability-driven projects. The $33 million deal for a wellness resort underscores how green building incentives are converging with the booming wellness hospitality market — a combination that could draw more alternative capital into the sector as conventional credit conditions remain tight.

Read more: prnewswire.com