March 24, 2021PR News Wire

ESG commitments take shape: Carbon Lighthouse partnership

Partnership with Carbon Lighthouse delivers competitive edge, head start on carbon emissions reduction goals

SAN FRANCISCO and REDWOOD CITY, Calif., March 24, 2021 /PRNewswire/ — Carbon Lighthouse, an energy services company delivering real carbon reduction impact and value for commercial real estate (CRE), and Ohana Real Estate Investors (“Ohana”), a vertically integrated investment firm focused exclusively on the luxury hospitality space, today announced that they are extending their partnership to help further advance Ohana’s environmental, social and governance (ESG) priorities.

Through this partnership, Ohana will continue to work with Carbon Lighthouse to implement impact-driven carbon reduction strategies and solutions across its developed and owned assets. Following several successful energy efficiency projects, Ohana will also deploy Carbon Lighthouse’s AI-driven Efficiency Production solution at its latest acquisition — the Waldorf Astoria’s Monarch Beach Resort & Club (formerly the Monarch Beach Resort) in Dana Point, California — to capture new value through energy and operational efficiency. This initiative is expected to save the resort $145,500 in energy costs in the first year alone and demonstrates the proactive steps Ohana is taking to enhance asset value while creating positive ESG outcomes.

With a focus on the biggest energy consumers and sources of carbon emissions in a commercial building, Carbon Lighthouse identified hidden opportunities to optimize the resort’s heating, ventilation and air conditioning (HVAC) system, and will monitor the resort’s energy use over the life of the partnership to continuously deliver immediate and sustained financial value with reduced carbon emissions over time. Furthermore, Carbon Lighthouse leveraged its 100 million square feet of real CRE data to help Ohana evaluate investment properties like Monarch Beach Resort and Hotel Commonwealth in Boston pre-acquisition, giving the firm a competitive advantage when considering investment opportunities.