Deal Spotlight
ESA Financing for Efficiency Measures in North Baltimore Hotel
$
0
Annual cost savings
0
%
Projected energy savings
0
%
Projected GHG savings
The Building: Sheraton Baltimore North
Building type
Commercial
Building size
1 building
265,000 square feet
Year built
1987
Location
Baltimore, MD
Project type
Energy efficiency
Upgrades
Lighting, HVAC
NYCEEC loan product
ESA
Term
7 years
Closing date
December 2017
The Project
Partnering with NYCEEC, Ecosave structured a turnkey retrofit solution for Sheraton Baltimore North using an ESA that guaranteed project performance. The project included upgrades such as LED lighting, air handling units, variable frequency drives on pumps and fans, building automation system upgrades, guest room temperature controls, ozone laundry system.
Total Project Cost
$2.7 M
Incentives
$48,000
Other Sources
$350,000
NYCEEC Loan
$2.4 M
Annual Savings
$306,000
The Results
The Sheraton Baltimore North hotel was able to modernize its property with new and more efficient equipment. The project enhanced guest comfort with improved building performance and operations and resulted in significant energy savings.