Legacy Ventures Reduces Energy Consumption & Fixed Costs at its Hotels

Legacy Ventures has partnered with Energy One Consulting to materially reduce energy consumption within its hotel and real estate portfolio. At its flagship Embassy Suites by Hilton Atlanta at Centennial Olympic Park, initial net savings for the first 21 months amounted to $143,000, and the property realized a 16% pre-COVID reduction in energy usage. Legacy Ventures is driving improved NOI and asset valuation, which is important under normal circumstances, but even more so for a lodging industry suffering from the devastating effects of COVID-19. The reductions in what are normally fixed costs give Legacy Ventures’ hotels a competitive edge in the market.