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AD1 Global is a leading hospitality group with 15 properties under management and six more in development in the Southeast U.S. AD1 Global growth has been fueled by its strategy of acquiring and renovating existing hotels, with an eye towards becoming the best and most profitable hotel company in the universe
AD1 Global has been expanding and acquiring new properties, and together with ONPEAK Energy has designed a strategy to be more sustainable and help with the reduction in emissions by implementing some changes to the assets they manage. In the case of the Park Inn by Radisson property, their largest investment to date they needed to do a complete property retrofit, but its cost and payback were outside budgets.
ONPEAK Energy is a Florida-based Efficiency Consultancy Company that works with building owners to evaluate, install, and help finance investments in energy-saving equipment. For the Park Inn, after understanding the condition of the property and the needs, ONPEAK proposed to combine the replacement of the roof and the RTUs with efficient LED lights and energy saving room controls. ONPEAK was able to create a customized turnkey solution that had no negative cash flow impact and allowed AD1 to get this project done without impacting their budget; all the investment is paid back by savings generated with new and more efficient components.
AD1 Global looked to ONPEAK, to evaluate, install and finance investments in energy-saving equipment, to solve their problem. Their main pain point was the replacement of the lobby and conference center roof which was leaking heavenly and requiring a lot of service calls to roofers.
Also, the rooftop units were not working properly leading to high maintenance costs and often would fail, creating hot spots in the common areas of the lobby and conference centers. The hotel also needed to replace 381 dated PTAC units in the guestrooms. The property also needed to replace seven heat pump units located in the corridors and service areas of the property.
Since the payback time on a new roof was very long, ONPEAK did a study on the impact of adding not only a higher R level roof but also combine additional efficiency solutions like smart room thermostats and LED lighting to accelerate the payback on the complete solution.
The complete installed solution includes:
ONPEAK implemented a financing model that allowed AD1 Global to update their critical systems without diverting core resources away from their business.
With a new roof, new heat pumps and new rooftop units the Park Inn has been able to provide a safe and comfortable environment for their guest and are on their way to save over $24,000 per year in maintenance expenses.
The replacement of the 381 dated PTAC units will reduce their maintenance expenses by at least $13,000 per year just in parts and not including labor and staff constantly assisting faulty units.
The new LED lighting will not only help them save close to $17,500 per year in energy-related savings but also will contribute in over $2,000 per year in maintenance expenses. And the installed room thermostat solution will allow them to save $80,000 per year in energy savings adding up better quality standards and comfort to the hotel guests and the overall quality of the rooms.
