Our sustainability commitment has been recognized by the National Association of Real Estate Investment Trusts (NAREIT). On average, implementing EarthView creates $40,000-$50,000 in annual savings per hotel. Our hotels are incentivized to implement EarthView as the program’s sustainability initiatives drive annual operational savings that help support hotels in meeting or exceeding budget goals. Initiatives implemented as part of EarthView’s comprehensive program have, to date, achieved net savings of $22 million. This approach creates value via expense reduction in the short term and increased real estate valuation in the long term.
Through EarthView, Hersha is able to drive incremental value by implementing efficiency initiatives with measurable returns.
We believe that being active stewards of our environment and our communities makes good business sense.
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