Case Study

Mixed-use: Hotel and Medical Offices

A commercial office building and Comfort Inn hotel, located on a single parcel in Gaithersburg, MD, saw the need to implement cost-saving energy efficiency upgrades.

Details

Property Owner: Rock Grove Associates
Measures: Building Envelope, HVAC Replacement, LED Lighting
Contractor: recurrent.net
Capital Provider: greenworkslending.com

The hotel and medical office worked with MD-PACE to integrate $1,400,000 of C-PACE financing into the multi-tenant office project. The office is expected to save $134,444 in the first year, and $3,174,510 in lifetime savings. The Comfort Inn hotel received Choice Hotel’s highest-level certification for sustainability, following the improvements.

Primary Benefits

  • Increased tenant and guest comfort
  • Marketability improved as Comfort INN (tenant) received Choice Hotel’s highest level of certification for sustainability
  • Decreased maintenance and operating expenses
  • Lifetime projected savings of $3.17M

Contractor

Recurrent LLC is a Rockville Maryland based C-PACE program contractor who has completed hundreds of projects since its founding in 2013.

  • Received the Bethesda Green “Innovation Award” based on the improvements and project design.

“This project allows us to materially improve our buildings’ comfort.”

Bob Eisinger

Managing Partner, Rock Grove Associates LTD Partnership