ESLA Icons & Experts: Profitability from Sustainability
Sep 26, 2024
Rick West is a sustainability expert from Commercial Green Solutions. His specialty, getting you money for doing the right thing. With the extended stay segment booming, Rick shares practical ways hotels are embracing sustainability while reducing costs and increasing profitability. Today’s cohost is the amazing Matt Hostetler, CDO of Red Roof.
Thanks to Red Roof franchising and Dellisart Hospitality for sponsoring this episode.
RedRoofFrachising.com
Dellisart.com
Key Takeaways:
- Current state of sustainability: The rapid growth of the extended stay market and its need for sustainable solutions.
- Green financing: Learn about PACE funding and how it can cover energy and water-related costs for new hotel builds.
- Energy efficiency incentives: Discover government-backed deductions like the 179 Energy Efficiency Commercial Building Deduction and its immediate benefits for hoteliers.
- The business case for sustainability: How sustainable practices not only benefit the environment but significantly reduce capital expenses and operational costs.
- Heat pump technology: The advantages of switching from traditional heating systems to heat pumps for long-term savings.
- Utility incentives: How developers can take advantage of rebates and incentives to further reduce expenses and improve efficiency.
- Importance of hospitality-specific sustainability: Why it's crucial to work with experts who understand both energy savings and hotel brand specifications.
#Sustainability #Hospitality #ExtendedStayHotels #GreenFinance
#PACEFunding #EnergyEfficiency #HotelConstruction #EcoCapitalism
#HotelOperations #SustainableHotels #CommercialGreenSolutions
#RickWest #HotelDevelopment #GreenInitiatives
#HospitalityIndustry