Omaha hotel is first project financed with Nebraska’s PACE legislation

The first project is the conversion of a seven-story office building into a 90-room hotel that will carry Hilton’s higher-end Curio brand. A $3.4 million PACE loan will be used to add insulation, efficient lighting, electrical improvements, water-saving bathroom fixtures and efficient heating and cooling systems. The Peregrine Hotel, as it’s been named, is expected to open next spring in time for the Berkshire Hathaway shareholder convention.

PACE is “a fantastic tool for a project like that,” said Kevin Anderson, Omaha’s deputy chief of staff of economic development and development services.