Ohana Real Estate Investors’ Early ESG Commitments Pay Off for Luxury Hospitality Portfolio

SAN FRANCISCO and REDWOOD CITY, California, March 24, 2021 / PRNewswire / – Carbon Lighthouse, an energy services company that provides a real carbon reduction and commercial real estate (CRE) impact; and Ohana Real Estate Investors (“Ohana”), a vertically integrated investment firm focused solely on the space of luxury dining focused announced today that they are renewing their partnership to further advance Ohana’s environmental, social and governance (ESG) priorities.

Through this partnership, Ohana will continue to work with Carbon Lighthouse to implement impact-driven strategies and solutions to reduce carbon emissions in its developed and proprietary assets. After several successful energy efficiency projects, Ohana will also use the AI-controlled efficiency production solution from Carbon Lighthouse for its most recent acquisition – the Monarch Beach Resort & Club by Waldorf Astoria (formerly Monarch Beach Resort) in Dana Point, California – Gaining new value through energy and operational efficiency. This initiative aims to save the resort $ 145,500 in the first year alone on energy bills and shows the proactive steps Ohana is taking to increase asset value while achieving positive ESG results.

With a focus on the largest energy consumers and carbon emission sources in a commercial building, Carbon Lighthouse identified hidden opportunities to optimize the resort’s heating, ventilation and air conditioning system and will monitor the resort’s energy consumption over the life of the resort to continuously deliver an immediate and sustainable partnership financial value with reduced carbon emissions over time. In addition, Carbon Lighthouse used its 100 million square feet of real-world CRE data to help Ohana evaluate investment properties such as the Monarch Beach Resort and the Commonwealth Hotel Boston prior to acquisition, which gives the company a competitive advantage when it comes to investment opportunities.

“Our commitment to sustainability is a key part of our broader ESG program, which is evolving,” he said James Cole, Partner in asset management at Ohana. “We recognize the opportunities we have as a company to invest in ways that benefit both society and our investors, and our expanded partnership with Carbon Lighthouse accomplishes just that. Carbon Lighthouse analysis and implementation guarantees Energy savings and reduction of CO2 emissions in our portfolio This ensures sustainable financial benefits with real impact on CO2 reduction now and as our portfolio grows and evolves. ”

Ohana has set and embraced sustainability and technology priorities for the past decade, laying the foundation for a more agile, resilient portfolio that is prepared and ready for today’s new climate-driven era of CRE. The Monarch Beach Resort project follows several successful energy efficiency projects that Carbon Lighthouse led for Ohana.

At Ohana’s former assembly Beverly Hills Hotel (now The Maybourne Beverly Hills), Carbon Lighthouse reduced energy costs by 8% with a lifetime reduction in CO2 emissions of 1,789 tons, equivalent to avoiding the consumption of 4,142 barrels of oil. The higher net operating income (NOI) generated added value to Ohana’s 2019 sale of the Montage Beverly Hills Hotel, which at the time was the highest price-per-key hotel sale in US history.

The energy efficiency optimizations by Carbon Lighthouse already guarantee overall $ 252,700 Energy savings and 1,877 tons of CO2 reduction for Ohana’s assembly Deer Valley Resort in Park City, Utah. Now Carbon Lighthouse is using its HVAC expertise to deliver real-time IAQ (Indoor Air Quality) ratings for the resort. This is crucial in building guest confidence when the trip picks up again.

In addition to its relationship with Carbon Lighthouse, Ohana has taken other significant and financially prudent steps to add value to its portfolio while prioritizing the environment and advancing its commitment to being a responsible corporate citizen. in the September 2020Ohana has partnered with Tesla to implement a unique energy solution at Twin Dolphin in Los Cabos, Mexico, a 1,400 acre master-planned project that includes Maravilla Los Cabos, a private shared apartment and club; Assembling Los Cabos Resort and Residences; and Twin Dolphin Club. The initiative will leverage Tesla’s fully integrated solar panels, battery storage and software systems to provide reliable renewable energy for the entire community. In addition to Twin Dolphin, Ohana’s solar energy program was implemented with Tesla at the Montage Healdsburg Resort in Ohana Sonoma County, California.

“While ESG has grown significantly in popularity recently, executives like Ohana have been busy actually executing their ESG strategies and leveraging the latest technology solutions to create real financial, environmental and operational impact,” he said Raphael Rosen, CEO and Co-Founder of Carbon Lighthouse. “Carbon Lighthouse recognizes the significant challenges and opportunities hospitality presents today in terms of its impact on the climate. Over the past decade we have improved our efficiency production solution so that hotel owners and investors are no longer between business and investment Have to choose climate targets. ”

ABOUT OHANA REAL ESTATE INVESTORS
Ohana Real Estate Investors is a vertically integrated investment firm focused solely on the luxury hospitality industry. Founded in 2009, the company invests in debt and equity through mixed fund vehicles and separate accounts. Ohana owns a collection of properties in some of the most sought-after locations in North America. More information is available at www.ohanare.com.

OVER CARBON LIGHTHOUSE
Carbon Lighthouse is committed to stopping climate change by making it easy and profitable for builders to eliminate the CO2 emissions caused by wasted energy. The company’s unique approach to efficiency production goes deep into buildings to uncover and continually correct hidden inefficiencies that result in significant financial value and carbon elimination that persists over time. Since 2010, commercial real estate, education, hospitality and retail customers across the country have chosen Carbon Lighthouse to improve building comfort, increase operating profit and meet their sustainability goals. More information is available at: www.carbonlighthouse.com.

SOURCE Carbon Lighthouse

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