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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.