Real Estate Investment Trust will gain visibility into utility spend and energy consumption
Spokane, WA — April 6, 2017 — Ecova, a leading energy and sustainability management company, has been selected by Summit Hotel Properties, Inc. (NYSE: INN), to provide comprehensive energy management strategy and minimize utility costs across 82 hotels with a total of 11,095 guestrooms located in 23 states.
Ecova will provide several energy and expense management services, including expense and data management, energy supply management, historical facility energy use analysis and energy performance reporting. Ecova maintains the largest database of utility data for the hospitality market, which drives robust benchmarking for organizations. Our clients leverage this global data to compare multiple sites that were previously evaluated on a location-by-location basis.
“Sustainability matters to the communities surrounding our hotels and to our guests who are increasingly looking to support environmentally conscious businesses,” said Craig Aniszewski, COO of Summit Hotel Properties. “The work we are doing with Ecova will help us reduce consumption. We will be able to view and manage our utility and energy data in one platform, and identify broad trends across our portfolio.”
“Ecova has a rich history in helping hospitality clients so we understand the challenges hoteliers face as they work to improve efficiencies in their high-energy-usage facilities,” said Vincent Manier Chief Financial Officer of Ecova. “We look forward to providing the insights needed from the company’s vast energy data to achieve a significant reduction.”
Ecova is inventing a future that will provide companies with the data, insight and action to drive sustainable results. As a company that can harness the power of vast amounts of data and combine it with expert insight, Ecova enables global leaders to reduce consumption in energy and other resource categories. Ecova continues to develop new strategies for commercial and industrial customers to tackle future energy challenges, improve sustainability and realize business efficiencies.
Ecova makes businesses and utilities more successful through energy and sustainability management. Ecova blends data and technology, with people and insight, to drive powerful results for their clients. Using insights based on consumption, cost and carbon footprint data spanning thousands of utilities, hundreds of thousands of business sites and millions of households, Ecova provides fully managed, technology-optimized solutions for saving resources, which in turn increase returns, lower risks and enhance reputations. Ecova is a wholly-owned subsidiary of ENGIE, a worldwide, global energy player. For more information, visit the company’s website www.ecova.com, on LinkedIn, or follow Ecova on Twitter at @EcovaInc.
ABOUT SUMMIT HOTEL PROPERTIES
Summit Hotel Properties, Inc., is a publicly-traded real estate investment trust focused on owning primarily premium-branded, select-service hotels in the upscale segment of the lodging industry. As of February 23, 2017, the Company’s portfolio consisted of 81 hotels with a total of 10,964 guestrooms located in 23 states. For additional information please visit Summit’s website, www.shpreit.com, and follow the company on Twitter at @SummitHotel_INN.