USA | Affinity Hospitality has announced the topping off of its new property, Home2 Suites by Hilton in Wasilla, part of the Sun Mountain Centre in Alaska.
Affinity Hospitality announced the recent “topping off” of the highly anticipated property, Home2 Suites by Hilton Wasilla, located at Sun Mountain Centre, signifying that the final beam has been placed and that the structural framework is complete. Anticipated to open late 2026, the property will feature spacious suites with full kitchens and 55-inch Smart TVs, design-driven social spaces, inviting outdoor patios and an indoor pool and spa, an innovative lobby space and market, as well as the brand’s latest contemporary room design, offering business and leisure travellers the flexibility and choices to optimise and elevate their travel experience.
Funded by its financing partners, Northrim Bank and Nuveen Green Capital (NGC), this also marks the first new construction project financed through Commercial Property Assessed Clean Energy and Resilience (C-PACER) in the Matanuska-Susitna Borough. Designed for both short-term and extended stay travel occasions, Home2 Suites By Hilton, a four-story all-suites hotel, will feature 107 suites and will open at 2242 E. Tysons Trail in Sun Mountain Centre, Wasilla, Alaska.
“Wasilla is a vibrant and dynamic market, and with the hotel’s prime location near local business and attractions in the Sun Mountain Mixed-Use District, Home2 Suites is ideally positioned to welcome leisure guests, business travellers, and local residents. We are excited to be under construction and look forward to introducing Home2 Suites’ innovative approach to travellers and the MatSu Valley community,” said Ric Marko, Principal, Affinity Hospitality. “We are proud to continue our collaboration with Hilton, Horne Management Group, A&C Investment Group, MWT Architects and H5 Construction to deliver a modern, midscale extended-stay hotel that meets the needs of today’s business and leisure travellers. With its strategic location, Home2 Suites Wasilla is poised to serve as a hub for travellers exploring Southcentral Alaska.”
As Affinity’s second Home2 Suites hotel in Alaska and second hotel in Wasilla, this project reflects the company’s history of creating and enhancing value in hotels for our investment partners through sound strategy and efficient management. Home2 Suites Wasilla features modern extended-stay accommodations and home-like amenities, including spacious suites with fully equipped kitchens, complimentary hot breakfast and flexible indoor and comfortable outdoor spaces with firepits and BBQs. The hotel features an indoor pool and hot tub, fitness centre, guest laundry and 936 square feet of meeting space to accommodate functions of up to 47 people. Guests will have easy access to local businesses and attractions, making the hotel attractive to both visitors and the MatSu community.
“We are very excited to welcome the Home2 Suites to Wasilla, the fastest growing city in the State of Alaska, adding to the number of jobs and opportunities to our economy,” said Glenda Ledford, Mayor, City of Wasilla.
C-PACER, which is administered by the Matanuska-Susitna Borough, provides flexible financing solutions for new, ongoing, or recently completed commercial real estate projects. Available in 40 states and Washington D.C., C-PACER has grown in popularity in the commercial real estate market as an attractive financing mechanism, particularly in a liquidity-constrained lending environment.
NGC partnered with Northrim Bank on the project’s USD 30 million financing package to facilitate the use of the C-PACER program. USD 11 million in C-PACER financing will be utilised to fund the hotel’s energy efficiency, water conservation, and seismic resilience measures, which are crucial, due to the frequency of earthquakes in Alaska, known to be the most seismically active state in the U.S. The hotel’s C-PACER-funded energy efficiency measures will enable it to operate with a reduced carbon footprint and lower operating costs.
"We are proud to partner with Northrim Bank and Affinity Hospitality once again to provide an accretive financing package for this new Home2 Suites by Hilton, the first new construction C-PACE project in the Matanuska-Susitna Borough. As C-PACE gains momentum across the U.S. as a cost-effective financing solution for commercial projects at every stage of construction, it is exciting to see its positive impact on Alaska's commercial real estate industry," said Aidan McLaughlin, Director of Originations for NGC.
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