Peachtree Group Closes CPACE Loan for Rio Hotel & Casino
ATLANTA, Georgia—Peachtree Group announced the closing of a $176.5 million retroactive Commercial Property Assessed Clean Energy (“CPACE”) loan for Dreamscape Companies’ recently renovated 2,520-room Rio Hotel & Casino in Las Vegas, Nevada. The Rio, now under the Destinations by Hyatt brand, is a casino resort with two hotel towers, Ipanema and Masquerade, connected by a casino, restaurants, and retail establishments. Renovations completed in 2024 included a transformation of the Ipanema Tower guest suites, a reimagined […]
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