Green Hotels the Next Big Industry
The first existing hotel has received LEED for Existing Buildings certification; look for this to become a major trend as owners seek to re-brand older lodging properties.
Portland’s Avalon Hotel & Spa has achieved the Northwest’s first LEED certification of an existing hotel building. The Avalon, a luxury boutique hotel and spa, joins the ranks of only nine other hotels in the world to have achieved LEED certification and is the second existing hotel building in the world to receive the U.S.Green Building Council’s (USGBC) LEED Silver rating. The Avalon is majority owned by RREEF Alternative Investments. The Avalon’s LEED Silver designation, ranking it higher than any other hotel among the mosteco-conscious in the U.S., builds on RREEF’s effort to reduce the environmental impact of its real estate portfolio.
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