News: Brokerage

Hyatt Regency Boston, a 500 room hotel, earns Energy Star award

Hyatt Regency Boston is a proud recipient of the U.S. Environmental Protection Agency's (EPA's) prestigious Energy Star, the national symbol for protecting through superior energy performance. Hyatt Regency Boston joins approximately 3,200 buildings nationwide that have earned the Energy Star rating. The Hyatt is located at One de Lafayette Ave., and provides 500 guest rooms in its 450,000 s/f building. By earning the Energy Star, Hyatt is using about 35% less energy than average buildings, while still providing quality service and comfort to occupants. Hyatt lowered energy costs by making cost-effective improvements to the building, and reduced greenhouse gas emissions. "Hyatt Regency Boston is proud to accept the EPA's Energy Star in recognition of our energy efficiency efforts," said Philip Stamm, general manager. "Through this achievement, we continue to demonstrate our commitment to environmental stewardship while also lowering energy usage." Organizations earn the Energy Star by using EPA's national energy performance rating system to generate energy-efficiency ratings for their buildings, on a scale of 1 to 100 relative to similar buildings across the country. The rating system is available for office buildings, schools, dormitories, hotels, hospitals and grocery stores, among other commercial buildings. To earn the Energy Star, Hyatt took the following actions: Green initiatives include "The Guestroom Green Program," in which guests automatically participate. In an effort to conserve water, this proactive program allows guests to reuse linens and towels unless they call housekeeping to have their towels refreshed. For the guests' convenience, the hotel staff takes on the responsibility of recycling everything from paper and plastics to cardboards, cans and bottles. Other initiatives include, but are not limited to: *Composting food is taking place in the hotel kitchens in an added effort to give back to the environment. The food is becoming fertilizer to grow organic foods; *Over 95% of the hotel lights are energy efficient; *Motion detector light switches have been installed in all hotel storage and meeting rooms; *All guest rooms are equipped with programmable digital thermostats that are interfaced with the hotel's property management system, therefore the thermostats turn on only when the room is occupied; *Hotel information is disseminated via e-mail instead of paper distribution; *All ice machines and kitchen refrigeration units are air cooled; *All showerheads are 2.5 gallon per minute maximum discharge; *All guest room faucet aerators are 2.0 gallons per minute maximum discharge.
MORE FROM Brokerage

Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.