HOUSTON—Imperial Ridge Real Estate Capital, a national private commercial real estate lender based in Colorado, and Amalgamated Bank announced they have partnered to provide $4 million in Commercial Property Assessed Clean Energy (C-PACE) financing. In addition to the C-PACE financing Imperial Ridge provided $2.9 million in senior construction financing to support the adaptive reuse of an aging unflagged hotel into much-needed workforce housing in Houston. The property is located near George Bush Intercontinental Airport, an area experiencing strong demand for more attainable housing. The 74,091-square-foot building, originally built in 1983 as a Holiday Inn, is undergoing a full renovation by The 702 LLC, which purchased the...

BARCELONA, SPAIN—In line with its long-standing family values and environmental commitment, Hotel Indalo Park has taken a significant step toward sustainability by implementing an advanced Energy Management System (EMS). This digital platform allows for smart energy use based on real-time guest demand, optimizing the building’s overall efficiency. Aware of the tourism sector’s impact on climate change—according to Nature Climate Change (2018), tourism accounts for around 8 percent of global greenhouse gas emissions, with hotels contributing approximately 1 percent—the Indalo Park team has taken action to reduce its footprint. Thanks to funding received from the Ministry of Industry and Tourism, supported by the European Union’s...

NATIONAL REPORT—Operating sustainably is no longer just an option for businesses; it has become a strategic solution in a competitive world. With global energy demands skyrocketing and environmental concerns reaching new heights, companies are under increasing pressure to reduce their environmental impact while still achieving financial success. Implementing energy-efficient practices allows companies to reduce costs, improve operational efficiency, and contribute to a healthier planet. By implementing these strategies to make your business energy conscious, you can become a leader in sustainability while achieving long-term growth and a competitive advantage. Perform an Energy Audit Conducting an energy audit can identify inefficient systems, machinery,...

MIAMI—Amerikooler, a U.S. based leader in commercial refrigeration solutions, announces the launch of the AK Series 3 Quick Ship Walk-In, setting a new industry benchmark for performance, efficiency, and rapid delivery. Designed for businesses that demand rapid solutions without sacrificing performance, this walk-in is engineered to keep operations running smoothly by delivering quotes in just 24 hours and offering the fastest lead times in the industry with minimal downtime and seamless installation. Built with 4-inch-thick AK-XPS insulation, the AK Series 3 achieves R-29 for coolers and R-32 for freezers, providing superior energy efficiency and exceptional temperature retention that translates into...

DALLAS—Sheraton Dallas announced a significant upgrade in building management systems with adaptation of new, state-of-the-art Direct Digital Control (DDC). This investment underscores the hotel’s commitment to enhancing guest comfort, operational efficiency, and sustainability. Sheraton Dallas Hotel is investing $1.7 million in the hotel’s conference center heating and cooling controls and air handler equipment. The investment will serve to improve air cooling and heating regulation and air quality in the meeting space for customers. As part of this initiative, air handlers and air damper controllers will be renovated. New control valves, heating coils and thermostat/room sensors, along with additional piping, will play...

BALTIMORE—To commemorate its 15th anniversary and to support their commitment to give back to the community, teammates from MD Energy Advisors, a Baltimore-based commercial, utility, and financing energy solutions company, dedicated time during their all-hands meeting to assemble 15 adult bicycles to donate to Helping Up Mission, a 501c3 with the mission to transform the lives of and restore hope to those suffering from addiction and poverty by harnessing the power of faith, science and community. This initiative marked the company’s third year supporting the nonprofit through its community giving program and its first collaboration with the national nonprofit Bikes for Goodness Sake. The...

ASHLAND CITY, TENN.—A. O. Smith, a leader in water heating and water treatment solutions, announces the extension of the Adapt Gas Tankless Water Heater family with the addition of the Adapt SC Standard Condensing Gas Tankless Water Heater and the Adapt NC Non-Condensing Gas Tankless Water Heater. By rounding out the product suite, A. O. Smith will offer customers multiple high efficiency gas tankless water heating solutions for different applications. The Adapt SC Tankless Water Heater is the perfect fit for contractors looking for a high efficiency solution for their everyday customers. Available in 160k, 180k and 199k BTU/Hr models,...

STOCKHOLM—Vingcard, an ASSA ABLOY company and provider of advanced technologies for the hospitality industry, exhibited at this year’s HITEC in Indianapolis to demonstrate how hotels can now tap into a single source and take a unified approach to addressing their various technology needs. Vingcard’s extensively expanded range of solutions offer an ideal example of how the industry is transitioning towards modular technologies that are capable of functioning as part of a fully integrated tech stack delivering heightened efficiency, personalization and service quality. Following multiple strategic acquisitions and its ongoing priority of researching and developing new breakthroughs in innovation, Vingcard’s solution...

MELBOURNE, AUSTRALIA—1 Hotels, the mission-driven luxury lifestyle brand founded by hospitality visionary Barry Sternlicht, announces the official opening of 1 Hotel Melbourne. This nature-inspired property marks the brand’s long-anticipated debut in Australia, redefining the future of luxury hospitality in the heart of one of the world’s most forward-thinking cities. Developed in partnership with Melbourne-based Riverlee, the hotel is set along 220 meters of uninterrupted Yarra River frontage in the revitalized North Wharf precinct. The building is a celebration of Melbourne’s storied past and a blueprint for a more sustainable future, brought to life through biophilic design principles and a commitment to living in harmony with nature. The...

INDIANAPOLIS—Hospitality television leader LG Electronics is once again redefining the role of the hotel television with the debut of Pro:Centric+, the next generation of its award-winning Pro:Centric hotel TV platform that turns in-room displays into powerful business tools. Unveiled at HITEC 2025, Pro:Centric+ enables easy and seamless integration of third-party services and dramatically simplifies installation and management—requiring far less technical expertise. “With Pro:Centric+ the TV becomes more than a piece of glass. It shifts the conversation from in-room TVs as guest amenities to essential business infrastructure,” said Jake Benner, Senior Director of Hospitality at LG Electronics North America. “This platform helps hotels...