Hospitality
Advisory for hotel owners and operators
The Asset
Hotels run around the clock. Kitchens, laundry, pools and guest rooms draw energy continuously, and much of it is gas. Ownership structure varies — some properties are owned and operated by the same group, many are not — and where they differ, the party that made the emissions commitment is often not the party that pays for the plant.
The Exposure
Building performance requirements are tightening across the markets these portfolios operate in, on different schedules in each one. In coastal and tropical locations, physical risk is already showing up in what it costs to insure a property and in what a lender asks at renewal. Both land on the same building, the same budget, and the same refurbishment window.
Solutions
Regulatory and target position — which requirements apply across the portfolio, when they land, and what the stated commitments actually need
Plant and energy planning — boilers, kitchens, laundry, pools and HVAC: what to replace, in what order, and what it costs
Physical risk assessment — exposure across a property or portfolio, and what hardening is worth doing
Insurance position — what improves the file at renewal
Grants and financing — what the asset qualifies for, and what a decision does to eligibility
Renovation cycle planning — work timed to refurbishment already scheduled
Certification strategy — which standards earn their cost on this asset
Relevant Writing:
