Hilton Los Angeles/Universal City Uses PACE To Fund $7 Million In Upgrades

This information originated in American English.

December 05, 2013

LOS ANGELES -

In Los Angeles County, Property Assessed Clean Energy (PACE) financing is available to commercial, industrial and multi-family property owners to pay for building improvements that save energy or create renewable energy onsite. Hilton Los Angeles/Universal City took advantage of this fixed rate, 100 percent financing to fund $7 million worth of sustainable upgrades, Hilton project is the largest commercial PACE project in the United States, more than twice the size of two projects completed this past year at just more than $3 million each.

The Hilton project will result in an annual energy savings of $800,000 and water savings of $28,000, conserving more than 2.8 million gallons of water. This comprehensive retrofit includes energy efficiency glass installations and new LED lighting, which is expected to reduce energy consumption by 50 percent. Additionally, 500 low-flow shower heads will be installed and 250 bathtubs with showers replaced as part of the water conservation upgrade to save the equivalent to one month of the property's existing water usage. Moreover, older HVAC systems were replaced with new energy efficient ones.

"We applaud the Hilton Los Angeles/Universal City as leaders in energy efficiency and for demonstrating a strong commitment to sustainability," says David Gabrielson, PACENow's executive director. "PACE has now been used by nearly 200 building owners in eight states and the District of Columbia, proving that it overcomes barriers that have kept building owners from doing extensive efficiency, renewable energy and water conservation upgrades. PACENow expects to see as many as 40 programs running throughout the United States within a year."

Media can access additional information about Hilton Los Angeles/Universal City at http://www.hiltonuniversal.com.

Contact

Lorie Briones
Hilton Los Angeles/Universal City
1 818 506 2500
lbriones@hiltonuniversal.com

About Hilton Hotels & Resorts

For nearly a century, Hilton Hotels & Resorts has been proudly welcoming the world's travelers. With more than 570 hotels across six continents, Hilton Hotels & Resorts provides the foundation for memorable travel experiences and values every guest who walks through its doors. As the flagship brand of Hilton, Hilton Hotels & Resorts continues to set the standard for hospitality, providing new product innovations and services to meet guests' evolving needs. Hilton Hotels & Resorts is a part of the award-winning Hilton Honors program. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount that can’t be found anywhere else, free standard Wi-Fi and digital amenities like digital check-in with room selection and Digital Key (select locations), available exclusively through the industry-leading Hilton Honors app. Begin your journey at www.hilton.com and learn more about the brand by visiting news.hilton.com or following us on Facebook, Twitter and Instagram.