Destination Capital has announced the launch of the world’s first Green Hotel Fund
and partnership with the International Finance Corporation’s (IFC) “Excellence in
Design for Greater Efficiencies” (EDGE) green building certification.
The objective is to raise capital and financing to acquire freehold hotels in prime
destinations that would rebound the quickest after Covid 19, and then renovate
them as per the EDGE standards, reposition them to reflect their ‘Green” credentials
and then to rebrand them to increase the value of the properties in order to generate
meaningful returns to investors.
Destination Capital’s participation in EDGE will serve to encourage the hospitality
industry to adopt best practices with respect to better managing Thailand’s scarce
resources, raise broader consciousness about global warming, and stem the tide of
environmental degradation. Implementing EDGE operational elements will reduce
water consumption, waste emissions, electricity use and to reduce and eliminate
Destination Capital is committed to investing in IFC’s EDGE standards believing that
it not only makes good business sense but also offers benefits from shorter payback
periods as well as resulting in significant long term savings in operational costs of
running hotels. Hotel developers and investors also gain a ‘green’ and sustainable
solution that is a benefit to communities and the environment alike.