Dreamscape Companies has received a $176.5 million loan for its recently renovated 2,520-room Rio casino-hotel in Las Vegas.

Atlanta-based Peachtree Group originated the retroactive Commercial Property Assessed Clean Energy (CPACE) loan for Dreamscape Companies, it announced in a news release. CPACE loans allow commercial property owners to fund upgrades that improve energy efficiency, water conservation and more.

The deal, which Peachtree Group called the largest credit transaction in its history, was finalized in less than 60 days, according to a news release.

The Rio, owned by Dreamscape Companies and now under the Destinations by Hyatt brand, completed its $350 million renovation in 2024. The renovations included a full refresh of the 2,520 guest rooms, 150,000-square-foot casino fl

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