Success Metrics:
- 10,523,385 gallons of water saved
- 72% reduction in water costs
- 2-year expected payback
Company Introduction:
Hospitality Investors Trust, Inc. (HIT REIT) is a real estate investment trust with a diversified portfolio of hotel properties across the United States. Looking for a way to reduce water consumption and cost across their properties, HIT REIT needed a partner who could help them track their water usage in real-time and prevent waste.
Portfolio Stats:
- Industry: Hospitality
- Active Properties: 50
- Leaks Detected: 514
“We clearly see the results and financial benefits of this partnership. We now have unmatched water and system insights into our hotels.” – Paul Reynolds, VP of Asset Management at HIT REIT
Main Challenge:
A lack of real-time data, increased systems issues, and untracked water usage left HIT REIT with rapidly increasing water bills and not enough visibility to address the issues.
They needed a reliable way to track water usage and analyze their water bills in order to better understand water consumption across their portfolio and take proactive measures to reduce costs. It was imperative that the solution not only provided real-time leak detection but also the ability to resolve issues quickly.
Solution:
Banyan Water collaborated closely with HIT REIT to assess the integrity of their irrigation system. Through a series of onsite visits, Banyan’s EPA Qualified Water Efficient Landscaper (QWEL) irrigation auditors identified a series of leaks, broken sprinkler heads, and coverage issues throughout the first property.
Banyan Water’s solution included the installation of real-time leak detection software and ET-based irrigation scheduling to optimize water usage. Additionally, Banyan provided utility bill verification to ensure savings were accurately measured, leaving no doubt about the water conservation benefits offered by the program.
- Project Highlights:
- System audit on 50+ properties identified 514 leaks and system issues
- ET-based irrigation scheduling optimized water usage
- Utility bill verification ensures savings goals are measured and met
Results and Impact
To date, HIT REIT has implemented Banyan’s solution at 10 properties (with more installations to come) and achieved savings of 72% in water consumption and related costs.
Banyan Water’s comprehensive solution enabled HIT REIT to detect leaks quickly, optimize irrigation schedules based on weather data, and identify infrastructure issues. HIT REIT gained actionable insights into the reasons behind increasing costs, allowing them to proactively address issues and prevent wasteful water consumption.
This not only resulted in significant financial savings but also contributed to HIT REIT’s environmental, social, and governance (ESG) goals.
For more information, contact:
Jennifer Hill
National Sales Director
jhill@banyanwater.com
1-800-276-1507 ext. 715
Click here to request a demo.
