WASILLA, Alaska–(BUSINESS WIRE)–#anchoragealaska–Affinity Hospitality announced the highly anticipated property, Home2 Suites By Hilton Wasilla, AK is slated to open Fall 2026. Following an official groundbreaking this past June, the property will feature spacious and flexible suites with full kitchens and 55-inch Smart TVs, multifunctional social spaces, inviting outdoor patios and indoor pool and hot tub, an innovative lobby space and retail market as well as the brand’s latest contemporary room design. Located at Sun Mountain Center, the hotel will provide business and leisure travelers the flexibility and choices to optimize 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 Center, 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 travelers and local residents. We are excited to be under construction and look forward to introducing Home2 Suites’ innovative approach to travelers 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 and H5 Construction to deliver a modern, midscale extended-stay hotel that meets the needs of today’s business and leisure travelers. With its strategic location, Home2 Suites Wasilla is poised to serve as a hub for travelers 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 center, 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 $30 million financing package to facilitate the use of the C-PACER program. $11 million in C-PACER financing will be utilized 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.
About Affinity Hospitality
Affinity Hospitality is a hotel development, consulting and asset management firm providing a full range of acquisition and disposition expertise for its investors, as well as customized strategies proven to enhance hotel value and optimize investor returns by utilizing a unique blend of experience, resources, and relationships. Drawing on decades of experience designing, developing, constructing and operating hotels, Affinity’s objective is to consistently provide the highest possible stakeholder returns by implementing productive, sustainable business strategies. Affinity’s efforts have been supported by many team members, including its counsel, Sandman Savrann PLLC, a national hotel industry law firm.
For more information, visit www.affinityhospitality.com
About Nuveen Green Capital
With over $4 billion originated, Nuveen Green Capital is a national leader in sustainable commercial real estate financing solutions and an affiliate of Nuveen, the $1 trillion+1 asset manager and wholly owned subsidiary of TIAA. The company, which was founded by C-PACE industry pioneers who helped design the nation’s first successful statewide C-PACE program2, has grown to offer a market-leading suite of accretive CRE financing products and a full-service lending platform with all underwriting, legal, and asset management functions executed in-house.
For more information, visit www.nuveen.com/greencapital.
About Northrim Bank
Northrim Bank is an Alaska-based community bank with 20 branches in Anchorage, Eagle River, Fairbanks, Homer, Juneau, Ketchikan, Kodiak, Nome, Sitka, Soldotna, and Wasilla, serving approximately 90% of Alaska’s population; and differentiates itself with its detailed knowledge of Alaska’s economy and its “Superior Customer First Service” philosophy. The bank has two wholly-owned subsidiaries, Sallyport Commercial Finance, LLC, a specialty finance company and Residential Mortgage, LLC, a regional home mortgage company. For more information, visit www.northrim.com.
About Anchorage C-PACER
The Matanuska Borough launched C-PACER (Commercial Property Assessed Clean Energy & Resilience) in April 2021 and relaunched in 2023 after State Statutes were amended to expand the program’s eligibility scope. C-PACER allows commercial and industrial property owners to implement clean energy & resilience measures to their property and pay back the loan through a voluntary special assessment. For more information, visit www.cpacer.muni.org or contact [email protected].
About Home2 Suites by Hilton
Home2 Suites by Hilton, one of the fastest growing brands in Hilton’s history, is a mid-tier, all-suite, award-winning extended-stay hotel concept designed to offer stylish accommodations with flexible guest room configurations and home-like amenities for value-conscious guests and their pets. With a commitment to environmentally friendly products and hotel operations, Home2 Suites by Hilton offers complimentary hot breakfast, innovative and customizable guestroom designs, laundry and fitness areas, multiple outdoor spaces, expansive community spaces and pet-friendly environments. Home2 Suites by Hilton has more than 800 open hotels with nearly 760 in development. Experience a positive stay at Home2 Suites by Hilton by booking at home2suites.com or through the industry-leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Home2 Suites by Hilton at stories.hilton.com/home2suites, and follow the brand on Facebook and Instagram.
¹ Total assets under management (AUM) as of 1/1/2025
² The United States Department of Energy: 2016 C-PACE Report lists the Connecticut C-PACE program as the first statewide C-PACE program in the U.S.
Contacts
Media Contact:
Ric Marko
Affinity Hospitality
www.affinityhospitality.com
