A Florida special development financing authority since 1993.
Fairfield Inn & Suites
PROJECT DESCRIPTION
Fairfield Inn & Suites by Marriott St. Johns is a new construction project adding 103 hotel rooms near Interstate 95. Energy-efficient building features, high-efficiency air conditioning, LED lighting, and water-saving fixtures will help reduce utility use and operating costs. The development expands lodging options for business and leisure travelers while supporting visitor spending and local economic activity in St. Johns County.
Local Impact
This investment expands lodging options in St. Johns County near Interstate 95. The hotel serves business and leisure travelers visiting the surrounding region, adding hospitality infrastructure that connects guests with nearby employers, restaurants, shopping, and recreational destinations.
Financing at Work
Through FDFC’s C-PACE program, the property owner accessed long-term financing for insulation, efficient windows and doors, air conditioning, LED lighting, gas water heating, and water-saving fixtures. These systems help reduce the new hotel’s energy and water use.