The Holiday Inn Express at Southbank in Melbourne has been designed to dramatically reduce its energy consumption and achieve a 5-star National Australian Built Environment Rating System (NABERS) Energy rating in operation.
Developer Pro-invest Group will operate the hotel when built. Pro-invest operates Holiday Inn Express hotels in Sydney’s Macquarie Park, Adelaide and Brisbane and expects to develop another six across Australia and New Zealand, including the Southbank project.
The City Road project is currently under construction and when built, will feature a 22-storey mixed-use development consisting of a 345-room hotel, 370m2 retail space, 4,500m2 of commercial space and car parking. The hotel is expected to be operational by end of 2019. When completed, approximately 20 staff members will be active across the different support and operational functions.
To help achieve the 5-star rating, the Southbank Project is set to receive high performance glazing, high efficiency air-cooled chillers and condensing boilers and solar photovoltaic systems on the hotel’s roof.
Other initiatives include regenerative lift drives rather than standard lift motors which will enable the hotel to recycle energy, integrated building management and guestroom energy management systems to both monitor and drive building performance.
The CEFC has committed $39 million to a construction and term debt facility as part of a co-financing for the $125 million project, and is effectively lifting the project from one targeting NABERS 4.5 stars to a 5-star Energy rating - which results in a hotel energy consumption saving of approximately 25 per cent.
This investment will help set a benchmark within the sector as the CEFC works with Pro-invest to promote the insights and energy efficiency learnings gained.
The CEFC’s finance for the Southbank Holiday Inn Express is part of its Sustainable Cities Investment Program