A rendering of 175-key Hyatt House Hotel to be built in Rochester, MN. A rendering of 175-key Hyatt House Hotel to be built in Rochester, MN.

ROCHESTER, MN—PACE Equity, LLC of Milwaukee has provided $4.3 million in funding for a new Hyatt House hotel here, which marks the first federal Opportunity Zone project to include Property Assessed Clean Energy (PACE) funding.

The 175-key extended-stay hotel, which is under construction, will be located at 315 First Ave., near the Mayo Clinic’s downtown campus. The property was the site of the former American Legion Post 92, where Mayo Clinic founders William J. Mayo and Dr. Charles H. Mayo were members in the early 1900s.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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