El Paso’s historic Plaza Hotel Pioneer Park has been named one of the best hotels in the country by U.S. News & World Report, further demonstrating the impact of TX-PACE financing in revitalizing and preserving historic properties. This recognition highlights how sustainable financing solutions, like those provided by Texas PACE Authority (TPA), contribute to the success of landmark projects while maintaining financial flexibility for property owners.

A Testament to Smart, Sustainable Development

Originally built in 1930, the Plaza Hotel is an iconic piece of El Paso’s architectural history, once serving as the city’s tallest building and a hallmark of Art Deco design. Over time, like many historic properties, it faced challenges that come with aging infrastructure. However, rather than letting this landmark fall into disrepair, a bold vision was set in motion to restore it to its former glory—while ensuring that the renovation met modern sustainability standards.

The transformation of the Plaza Hotel into a luxury boutique destination was made possible through a significant investment in energy-efficient upgrades and sustainability improvements, partially funded through TX-PACE (Texas Property Assessed Clean Energy) financing. PACE allowed the developers to incorporate high-performance systems that reduce energy and water consumption, lowering operating costs over the long term while maintaining the integrity of the historic building. By utilizing PACE, the redevelopment team could focus on preserving the hotel’s rich history while enhancing its sustainability features—making it not only a standout in design but also a leader in efficiency.

Award-Winning Success and National Recognition

The Plaza Hotel’s commitment to excellence has not gone unnoticed. The U.S. News & World Report recognition highlights the hotel’s exceptional service, thoughtfully designed guest experience, and unique combination of historic charm and modern luxury. The hotel has been praised for its elegant interiors, world-class hospitality, and vibrant cultural significance as a centerpiece of downtown El Paso’s revitalization.

As U.S. News & World Report notes:

“The Plaza Hotel Pioneer Park seamlessly blends Art Deco elegance with modern luxury, offering guests a uniquely curated experience in the heart of El Paso.”

This distinction places the Plaza Hotel among the top hospitality destinations in the country and reinforces the value of smart financing solutions like TX-PACE in supporting ambitious, transformative projects. By investing in energy-efficient upgrades, the hotel has not only reduced operational costs but has also contributed to the city’s sustainability efforts and economic growth.

The Role of TX-PACE in Transforming Communities

The success of the Plaza Hotel serves as a powerful example of how TX-PACE financing enables property owners to preserve historic buildings, enhance energy performance, and stimulate local economies. Traditional financing options often make large-scale sustainability upgrades cost-prohibitive, but PACE provides a flexible and accessible alternative by allowing property owners to fund improvements through long-term, fixed-rate financing.

PACE can be used for energy-efficient HVAC systems, lighting upgrades, water conservation measures, and even renewable energy installations, all of which played a role in the Plaza Hotel’s transformation. By leveraging Texas PACE Authority’s financing program, developers can confidently invest in renovations that increase property value, improve sustainability, and boost community revitalization efforts. The Plaza Hotel stands as a model for other property owners who seek to restore historic spaces while making them more efficient, resilient, and profitable.

Learn More

To read the full article from El Paso Times, visit this link.

If you’re considering how PACE financing could support your next project, Texas PACE Authority is here to help. Whether it’s a historic restoration or a modern retrofit, PACE provides cost-effective financing solutions that allow property owners to implement sustainable improvements without upfront capital expenditures.

📩 Contact us today to learn more about how TX-PACE can make your vision a reality.