Hotel accommodation will get a new twist on the concept of five stars with Australia’s first hospitality real estate fund to integrate energy sustainability in its investment criteria.
Pro-invest’s Australian Hospitality Opportunity Fund II (Fund II) is being backed by a $50 million equity investment from the Clean Energy Finance Corporation (CEFC) and will build hotels shooting for a 5-star rating under the National Australian Built Environment Rating System (NABERS).
With a minimum 25 per cent energy saving on new developments, the Pro-invest Fund II will aim to deliver lower emissions while dramatically reducing energy costs in up to 15 new hotels across Australia.
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, energy efficient building management systems and heating and cooling equipment.
Pro-invest is also investigating the purchase of green power as wellas carbon offset schemes across its hotel portfolio to help achieve<span lang
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