Brine Wells Development, in collaboration with Resort Energy Ventures, redeveloped the Hotel Syracuse to its original glory. The original hotel was constructed from 1922 to 1924 at a cost of $7,000,000. It encompasses 473,00 square feet in 12 stories. The hotel was originally built with 610 rooms, 1 ballroom, and 2 restaurants. The $71,000,000 renovation includes 261 rooms, 3 ballrooms, and 3 restaurants.
Jeff Bedard worked with the HCDA to conceptualize, design, and prove financial feasibility of this 15 acre, compact, mixed use community integrating net zero sustainability concepts with affordable and workforce housing choices and small commercial spaces located near Honolulu, HI.
Resort Energy Ventures was commissioned to provide an initial feasibility study for solar power which led into complete design drawings, permitting, and interconnect negotiations with the local utility. REV’s analysis showed that a rooftop photovoltaic installation will serve over 8% of the resort’s power needs with an IRR exceeding 26%. The system was installed and operational in December 2015.
Resort Energy Ventures was commissioned to provide an initial feasibility study for solar power which led into complete design drawings, permitting, and interconnect negotiations with the local utility. REV’s analysis showed that a rooftop photovoltaic installation will serve over 10% of the resort’s power needs with an IRR of 30% on a capital expenditure of $2,000,000. The system will be operational in April 2016.
Resort Energy Ventures was commissioned by Hyatt Corporation to provide an initial feasibility study and conceptual design for solar power for the Andaz Resort on Maui. This new concept resort has a very sleek design which required integration of the solar panels into the architecture of the resort. The final design also included adding shaded carports to the existing parking garage and surface parking. Financial projections show an IRR over 30% on a $6 million capital expenditure. As of 2015, this project is still in the feasibility stage.
Under REV’s portfolio development services, we analyzed Host’s portfolio of hotels in Massachusetts, Maryland, New Jersey, and Washington DC from an engineering and financial perspective to rank order the portfolio by return on investment for solar development. This analysis included the consideration of the sale of Solar Renewable Energy Credits. This project is still in the feasibility stage as of the end of 2015.
Resort Energy Ventures assisted with conceptual design, RFP development, and bidding on a 400kW solar PV system to be built on a newly constructed building in Sparta, WI.
Resort Energy Ventures was commissioned to analyze current energy usage at the resort campus and develop a complete energy plan including potential generating assets. After a preliminary assessment of resources and usage, we came up with a plan to add solar generating capacity and cogeneration to the site. We are currently in the design phase of the project. Our work will extend to developing a complete financing strategy and energy off take monitoring system. Current projections show that the resort, which is the size of a small village, will save over $1,000,000 per year in energy costs with an out of pocket expense of less than $1,000,000.