January 30
January 30
What Your Hotel Needs
To Know About New York
Local Law 97*
How Decarbonizing Results in
Lower Hotel OPEX and Higher NOI
NYC LL97 Deadlines Are Approaching
In 2019, New York City enacted Local Law 97 to drive deep
emissions cuts from buildings, which are responsible for more
than two-thirds of NYC's greenhouse gas emissions. The law places carbon caps on most buildings larger than 25,000 square feet—covering nearly 50,000 properties across NYC. Your hotel must begin compliance by May 1, 2025 and have substantially lowered its carbon emissions by 2030 or face significant fines and penalties
In 2019, New York City enacted Local Law 97 to
drive deep emissions cuts from buildings, which
are responsible for more than two-thirds of NYC's greenhouse gas emissions. The law places carbon caps on most commercial buildings larger than 25,000 square feet—covering nearly 50,000 properties across NYC. Your hotel must begin compliance by May 1, 2025 and have substantially lowered its carbon emissions by 2030 or face significant fines and penalties.
In 2019, New York City enacted Local Law 97 to drive deep
emissions cuts from buildings, which are responsible for more
than two-thirds of NYC's greenhouse gas emissions. The law
places carbon caps on most buildings larger than 25,000 square feet—covering nearly 50,000 properties across NYC. Your hotel must comply by 2030 or face fines and penalties.
Be Proactive:
Avoid Becoming a Stranded Hotel
Recent data from the American Hotel & Lodging Association, UK based real estate investment services firm, Jones Lang LaSalle, and methodologies from the EU Carbon Risk Real Estate Monitor, suggest that up to 40% of U.S. hotels could become stranded assets by 2030 if they fail to meet decarbonization benchmarks, potentially representing a stunning $140 billion in U.S. hotel real estate value at risk.
Recent data from the American Hotel & Lodging Association, UK based real estate investment services firm, Jones Lang LaSalle, and methodologies from the EU Carbon Risk Real Estate Monitor, suggest that up to 40% of U.S. hotels could become stranded assets by 2030 if they fail to meet decarbonization benchmarks, potentially representing a stunning $140 billion in U.S. hotel real estate value at risk.
Robert Politzer
Founder and CEO
GreenStreet Global
Robert Politzer
Founder and CEO
GreenStreet Global
Join NYC’s first green building contractor, as he explains how NYC LL97 affects your hotel and explores options for how you can comply using green building upgrades which result in reducing monthly OPEX by as much as 20-30%, helping to increase NOI and property value.
Join NYC’s first green building contractor, as he explains how NYC LL97 affects your hotel and explores options for how you can comply using green building upgrades which result in reducing monthly OPEX by as much as 20-30%, helping to increase NOI and property value.
Special Guest
Yani Deros
Founder and CEO, CIRQ+
Special Guest
Yani Deros
Founder and CEO CIRQ+
Join inventor Yani Deros, of the CIRQ+ LUXE Smart Room Platform Hotel, who will explain how intelligent automation technology can save you as much as 50% of your monthly energy expense.
Join inventor Yani Deros, of the CIRQ+ LUXE Smart Room Platform Hotel, who will explain how intelligent automation technology can save you as much as 50% of your monthly energy expense.
In Our 30 Minute Live Webinar You Will Learn:
The steps that your hotel will need to take to fully comply with LL97.
The fines that you could potentially incur by failing to take these compliance steps.
How your hotel can get started towards LL97 compliance with modest out of pocket cost.
How green building and decarbonization upgrades can lower OPEX and increase NOI.
The additional ways in which green building upgrades will add value to your hotel.
How GreenStreet Global is your dedicated turnkey project management resource for green building upgrades that empowers you to focus on your business.
This webinar is designed for CFOs, Revenue Managers, General Managers and Facility Managers, who are responsible for day-to-day hotel operations and seek to improve efficiency in building operations with the net result of lowering operating costs and accelerating your compliance with Local Law 97. If you any have specific questions that you want answered during the webinar, please email [email protected].
This webinar is designed for CFOs, General Managers and Facility Managers who are responsible for day-to-day hotel operations and seek to improve efficiency in building operations with the net result of lowering operating costs and accelerating your compliance with Local Law 97. If you have specific questions that you want answered during the webinar, please email [email protected].
Space Is Limited
Sign Up Now For Our Next Webinar
THURSDAY, JANUARY 30 at 8.30 AM EST
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Webinar sponsored by GreenStreet Global, a premier decarbonization solutions integrator of commercial real estate with 25+ years of hands-on experience and CIRQ+
a market leader in developing innovative thought leading intelligence automation solutions for hotels and residential properties.
*This webinar is not affiliated with the City of New York and has no relationship with any regulatory agency of the
City of New York. This webinar does not provide financial or legal advice. Please seek professional counsel should you choose to move forward with any programs offered by GreenStreet Global or its affiliate partners such as CIRQ+.
Your email confidentiality and privacy is assured. We will never sell your name or email.