Loews Hotels & Co.: Energy performance

Better Buildings Challenge Partners strive to decrease portfolio-wide source energy use intensity (EUI) and to increase the percent improvement compared to a set baseline. Loews' portfolio consists of 23 buildings and over 12 million square feet. Loews Hotels & Co has improved energy performance by over 24% from a 2012 baseline, having achived it's BBC goal of 20% by 2022. In that time, Loews has been able to successfully engage team members in energy efficiency practices by rewarding top performing properties and their Directors of Engineering through the Gold Wrench Award program and a regional energy contest "How Loews Can You Goes" which awards the top three hotels for energy consumption per guest for the year. Loews has also made great strides in better understanding energy performance across its portfolio through submetering, energy management systems, and the Loews Score Card which evaluates operational performance based on preventive maintenance, facility inspections, and guest feedback.

Looking at the percent improvement in energy performance across all properties can provide insight into how an organization is saving energy. Loews Hotels & Co has achieved over 5% energy improvement in over 50% of its properties. Loews Hotels has achieved energy performance improvements of greater than 10% at eight of its properties. There are three properties that have experienced an increase in Source EUI. These properties have been targeted for future energy efficiency improvements.

Property-level energy performance metrics, including EUI and percent improvement to date, are critical to track progress over time and identify opportunities for additional energy savings. Loews' portfolio consists of properties with a wide range of baseline EUI values mostly between 150 to 350 kBtu/sq. ft. The majority of properties have shown energy improvement since 2012. The properties located near or below the 0% axis may present good opportunities for further savings.