The quest for increasing “asset value” is never-ending for today’s hotel owners, management companies and developers, but the goal is the same – to create and sustain a property (or portfolio) that is operationally sound and fiscally strong throughout its life, particularly at the time of sale. While green efforts are not new to the hospitality industry,
hoteliers are increasingly tapping the wave of smart energy management solutions in the market because of the substantial savings they yield and their correlation to boosted asset value.
A hotel’s energy demands don’t waiver – energy is constantly consumed at a hotel regardless of property size, any brand affiliation, geographic market or time of year. When the right energy saving measures are implemented, utility costs are dramatically reduced, more money goes to the bottom line, and hoteliers are poised to realize the rewards of a financially healthy green property. Making a property more sellable in the future starts with outfitting it for success at the onset, or through green renovations and retrofits during ownership.
Read the full article by Hotel Management.