GreenRock Capital And Petros PACE Finance Provide $62.6M Construction Loan For Appellation Healdsburg Hotel

The Appellation Healdsburg hotel project in Sonoma County has secured a $62.6 million construction loan through C-PACE financing. The luxury boutique hotel, set to open in 2025, will prioritize sustainability with the support of environmentally conscious construction and job growth.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $62,600,000
• Lender: GreenRock Capital - Chris Robbins, Petros PACE Finance - Mansoor Ghori
• Landlord: CCS Healdsburg Hotel, LLC; Comstock Development Company - Robert Comstock & Nicholas Long; Wine Country Holdings; HVH Investment
• Loan Type: Construction Loan

GreenRock Capital, represented by Chris Robbins, and Petros PACE Finance, represented by Mansoor Ghori, have successfully closed a $62.6 million C-PACE financing for the construction of the Appellation Healdsburg hotel project in Sonoma County. The hotel will be developed by CCS Healdsburg Hotel, LLC, Comstock Development Company (represented by Robert Comstock and Nicholas Long), Wine Country Holdings, and HVH Investment.