Holiday Inn Express Hotel NABERS Ratings Pro-invest Group’s Holiday Inn Express Hotels NABERS Hotel Ratings White Paper September 2020 August 2020 5 Holiday Inn Express Hotels NABERS Ratings Facing Today with a View for As Australia faces overcoming the COVID- Tomorrow 19 pandemic, there is another key crisis that In February and March of 2020, the COVID- should not be overshadowed – climate 19 pandemic struck. Much of the world change. faced mass closures, crippling some of the Global warming has already reached 1.1o C world’s major cities. With many industries above the pre-industrial level.1 Australia is and sectors across the globe still at a stand- in turn experiencing higher temperatures still and social distancing continuing to be and coastal sea levels which are coupled enforced, the hospitality sector has with more frequent and severe heatwaves arguably been hit harder than any other and bushfire weather conditions.1 According sector. to a recent report by the Australian In Australia, the month of March 2020 Government, average surface air marked a period of change like no other, as temperatures in Australia have warmed by hotels ceased normal trading. By April 2020, c. 1.4oC since 1910.1 Warming of greater hotels across Australia were no longer than 2oC is modelled to result in a higher operating, while many had changed their frequency of unprecedented high operating models and opened their doors as temperatures and greater risks to the quarantine hubs, supporting the Australian manner in which we live and to the Government by offering “self-isolation” environment.1 accommodation for people returning to The Australian Government’s initial Paris Australia. Positively, from June 2020 Agreement target is to achieve a 26% to onwards, hotels progressively started 28% reduction in emissions by 2030 relative reopening their doors, as social distancing to 2005 levels.1 However, more ambitious restrictions across Australia began easing – targets will be necessary in Australia and albeit at varying stages. globally as time progresses to meet the “Offices and shopping centres goals of the Paris Agreement.1 As a result, participating in NABERS have saved emissions reduction policies implemented over a billion dollars in energy and today should be sufficiently flexible and water bills, while leading the world in scalable to deliver emissions reductions reducing carbon emissions. These kind beyond those required for the 2030 targets.1 of savings are possible in Australian We all share the responsibility to assist in hotels. lowering Australia’s impact and there are We are working with leaders doing just many opportunities for governments, that: using sustainability to reduce cost, industries, companies and householders to make their hotels more attractive to do more to reduce emissions. corporates, and bounce back stronger from the pandemic.” Sustainability Still a Key Agenda – Carlos Flores, Director at NABERS In the midst of current uncertainty, building, operating and managing for a better, However, with such a large focus on battling cleaner built environment to assist in out COVID-19 and with subsequent battling climate change continues to be at reductions in resources, it is the forefront of NABERS’ agenda. understandable that many companies are focusing on the here and now, and how to NABERS for hotels is a tool designed to get business back to normal – whatever the give hotels a one to six-star rating for energy new normal may be. and water efficiency. The tool rates hotel 1 Australian Government, Prospering in a Low-Emissions World, March 2020. 1 Holiday Inn Express Hotels NABERS Ratings spaces, including all facilities provided for What Gets Measured, Gets Managed the hotel guests and staff. The water and The NABERS hotel tool assists property energy used in non-hotel areas onsite, such owners and managers in obtaining a third- as public retail areas, can be excluded from party assessment of their hotel’s energy the rating. and/or water consumption. With the ratings produced on a 0.5-star increment – rated to “The impacts of climate change are the nearest lowest 0.5-stars, NABERS being felt in Australia and around the provides property owners and managers world and are projected to intensify. with the incentive to increase their rating, Global action to reduce greenhouse gas benchmarking their own performance year- emissions will need to accelerate if we on-year but also enabling a comparison are to ensure the safety of our relative to other NABERS rated hotels communities, secure our health and across states in Australia. wellbeing, and achieve positive With NABERS assisting in understanding outcomes for economic productivity how a building performs, this knowledge and the natural environment.” and subsequent management often leads to – Prospering in a Low Emissions World, reduced operating expenses and increased Australian Government, March 2020 market value. Optimal building operations As of August 2020, there are 25 hotels with translate into reduced emissions, waste to NABERS ratings around Australia. To date, landfill and water wasted. Holding a there have been almost 200 hotel ratings, NABERS rating assists in attracting with an average Energy rating of 3.5-stars environmentally conscientious stakeholders and an average Water rating of 3.2-stars across the spectrum – including hotel (across all hotel ratings). guests, front-line and or corporate staff and importantly, investors. As of August 2020, 5-stars is the highest active rating for the hotels sector in Increasingly, many investor bodies are Australia, with three properties actively demanding third-party accredited ratings, holding such a rating: the Holiday Inn with NABERS being a straightforward and Express Newcastle in NSW, the Mercure simple tool to use to communicate an Darwin Airport Resort in the NT and Adina asset’s environmental performance. Serviced Apartments Canberra Dickson in the ACT. Building & Operating for the Future – Pro-invest Group’s Hotels Figure 1: Hotel Properties Holding NABERS Ratings Across Australia, as at August 2020 With a hotel portfolio of 12 hotels with 2,864 rooms strategically positioned across Australia and New Zealand, Pro-invest Group (Pro-invest) has 6 operational hotels, with the remainder in various stages of development. Pro-invest has a franchise agreement with hotel giant InterContinental Hotels Group (IHG) for the roll-out of its select service Holiday Inn Express and lifestyle hotel brands. Pro-invest’s first hotel commenced operation in April 2016 and has since seen a rapid portfolio growth. With this pipeline expansion, the Group ramped up its Source: NABERS Website, Find a Current Rating, August sustainability agendas and efforts to ensure 2020. 2 Holiday Inn Express Hotels NABERS Ratings reduced environmental impact wherever provision of reed switches on guest room feasible, incorporating ESG efforts across doors and passive infra-red (PIR) sensors. its business framework. A key element to The installation of master switches at the the roll-out of its ESG framework is adopting entry vestibule and bedside enhances the NABERS Energy and Water ratings across likelihood of guests and staff turning all its hotel portfolio. lights off. All in-room lighting is LED, “We have always considered hotels an reducing energy consumption. integral part of any diversified real Time activated PIR sensors are located in estate portfolio. It is not only about all back of house storerooms, guest location, location, location: we search corridors and washrooms, again reducing for qualified operators and managers power consumption when not in use. who are able to run their hotels sustainably and profitably. Holiday Inn Express Sydney The location, property, concept and Macquarie Park, NSW, Australia operator all need to be aligned in order Hotel Specifications: to deliver a successful and profitable Sydney Macquarie Park, Location investment.” NSW, Australia – Dirk Schuldes, Global Head Real Select Service Hotel Property Type Estate Markets Hospitality, Commerz Plus Retail (c. 100m2) Real AG Lower Ground, Under Floors Pro-invest’s base hotel design is capable of Ground, Plus 7 Levels achieving a 4.5-star NABERS rating once Hotel Rooms 192 >12 months operational, with the Group challenging its own achievements to push Acquisition Q4 2013 further in targeting 5-star NABERS Energy Date ratings once >12 months operational across its Pro-invest Australian Hospitality Hotel Opening Q2 2016 Opportunity Fund II assets based in Australia, and adopting these key learnings Status Operational across its first hotel fund – Fund I. NABERS 4.5-Stars* Figure 2: Pro-invest’s Hotel Portfolio* Energy Rating NABERS Water 4.5-Stars* Rating *Held 4.5-stars rating for 3 consecutive years running. Located in the heart of the major commercial precinct of North Ryde Sydney, the Sydney-based asset marks Australia’s first Holiday Inn Express hotel and Pro- invest Group’s first operational hotel. Holiday Inn Express Sydney Macquarie Park offers a smart choice for value *As of August 2020. Several sites are currently undergoing conscious business and leisure travellers, due diligence for site acquisition under the strategy to further roll-out Fund II across the ANZ. with the hotel’s business model strongly ingrained in operating ‘smart’ – offering All of Pro-invest’s hotels have an in-room guests everything they need and nothing energy management system which turns they don’t. This philosophy extends to the the power off when unoccupied through the hotel’s sustainability design, considerations 3 Holiday Inn Express Hotels NABERS Ratings for furniture, fixtures and equipment, and Acquisition Q3 2016 operation. Date Hotel Opening Q1 2019 Status Operational NABERS 5-Stars Energy Rating NABERS Water Under Assessment* Rating *At time of writing. The Holiday Inn Express Newcastle is Holiday Inn Express Sydney Macquarie Park, Exterior, Actual. situated in the vibrant harbour city of Newcastle NSW. The hotel features 170 The hotel has achieved a post-construction well-designed rooms and is positioned in 4.5-Star rating for both Energy and Water the up-coming western end of Newcastle NABERS ratings for three consecutive city, close to Newcastle University, years.
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