Developer of Steamboat Marriott program partners with C-PACE program |

Developer of Steamboat Marriott program partners with C-PACE program

STEAMBOAT SPRINGS — Real estate development firm Cypress 16 will use the Colorado C-PACE program to incorporate multiple energy-efficiency design features into its new 78,917-square-foot Residence Inn by Marriott on Pine Grove Road in Steamboat Springs. 

This is the first C-PACE financed project located in Routt County.

“It’s great, to not only have Routt County participating, but to now have a project there demonstrating the real benefits of the C-PACE program,” said Colorado New Energy Improvement District Chairman Andrew Sand in a news release. “The program is designed to help building owners and developers in our rural communities get access to low-cost, long-term financing for energy improvements.”

Denver-based Cypress 16, which specializes in the development of hotels, office and mixed-use projects, is the project developer for the 110-room, four-story hotel. “Staying within budget on a project often means scaling back on state-of-the-art, energy-efficient systems and measures,” Gary Roffe of Cypress 16 said in a news release. “With C-PACE financing, we maximized energy efficiency during the design process. The result is an efficient, high-performing building that has increased asset value.”

MCP Group with offices in Steamboat is providing construction management services for the new Residence Inn and Alpine Bank provided the $2.4 million C-PACE financing for the project.

Support Local Journalism

Support Local Journalism

Readers around Steamboat and Routt County make the Steamboat Pilot & Today’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User