The Monarch Hotel is the cornerstone of the
Hemisfair Park Area Redevelopment
Corporation’s initiative to revitalize the historic
Hemisfair Park – site of the 1968 World’s Fair.
The challenges of incorporating PACE financing
into the Monarch’s capital stack were met by
CBRE, which collaborated with PACE capital
provider, Nuveen Green Capital, and a
consenting senior lender, InterBank.

Nuveen’s PACE capital enabled Zachry
Hospitality to maintain full ownership of the
Monarch. The single ownership by the well established
and respected Zachry Hospitality
provided essential senior lender confidence in
the project. With PACE financing, the project is
underway, creating energy and water savings
that will reduce operating costs, free up
significant energy and water resources for the
City, and facilitate tourism and economic
activity on the River Walk and in Hemisfair Park.