Hotel investment fund manager Pro-invest is aiming for 5-stars under the National Australian Built Environment Rating System (NABERS) in up to 15 new hotels it will develop, operate and manage across Australia.
Pro-invest’s Australian Hospitality Opportunity Fund II (the Fund) is Australia’s first hospitality real estate fund to integrate energy sustainability in its investment criteria.
With a minimum 25 per cent energy saving on new developments, the Fund will aim to deliver lower emissions while dramatically reducing energy costs.
The new properties will have their own clean energy plans and the latest energy efficiency innovations to further reduce emissions, including low carbon construction techniques, such as cross laminated timber and energy efficient heating, cooling and building management systems.
Pro-invest is also investigating the purchase of Green Power, as well as carbon offset schemes across its hotel portfolio to help achieve its Carbon Neutral 2030 agenda.
Pro-invest is one of the largest hotel investment platforms in Australia and the only hotel developer, owner and manager in Australia to have made the commitment to require NABERS Energy ratings for all its hotels.
The Fund will draw on the lessons learned from Pro-invest’s first hotel fund, supported by CEFC debt finance, to incorporate low emissions techniques in its Holiday Inn Express Melbourne Southbank. When built, the 345-room hotel will feature high performance glazing, high efficiency air-cooled chillers and condensing boilers, rooftop solar and regenerative lift drives.
The CEFC has made a $50 million equity investment in Pro-invest’s Australian Hospitality Opportunity Fund II.
National, Property, Renewable energy, Energy efficiency