Hubbell Lighting Launches Lighting Upgrade Program for Hospitality Industry; Hotels can Increase Profitability by 5%
Hubbell Lighting Div.
701 Millenium Blvd
Greenville, SC, 29607
Press release date: June 24, 2014
CreatechangeŽ Initiative Allows Hotels to Project Energy Savings through Retrofits, Then Validate those Estimates with Sample Products in 90-Day Trial
Company Couples createchangeŽ Program with Easy Financing Solution
Greenville, SC — In the U.S., lighting accounts for approximately 23% of a hotel’s energy cost. To expedite and encourage savings, Hubbell Lighting announced today a new energy efficient lighting program to cut hospitality electricity costs by 60%, translating to a 5.58% increase in profitability.
The initiative, called createchangeŽ consists of two innovative offerings from Hubbell Lighting:
A suite of unique audit tools and other product selection resources implemented with Hubbell Lighting consultants that allow hotels to precisely forecast the economic impact of various lighting retrofit strategies and identify any utility rebates that are available.
A 90-day risk-free trial program called “Compare in the Air”, which allows customers to validate cost saving estimates in buildings or outdoor environments with up to four Hubbell Lighting products. After the trial period, customers can decide to keep the products or return them for a full refund.
“Making the change to energy efficient lighting and controls offers hotel owners an incredible opportunity to make their businesses more profitable,” said Scott Muse, President of Hubbell Lighting. “Our createchangeŽ program offers the hospitality industry as close to a guaranteed energy and maintenance savings as exists.”
The createchangeŽ program includes a comprehensive evaluation of hospitality lighting solutions for lobbies, conference rooms, meeting rooms, common areas, building exteriors, landscapes, signage, parking lots, and garages. For example, simply replacing 15 lobby quartz 500 watt downlights with Prescolite’s MegaLum LED downlights will save the business approximately $17,063 a year—the equivalent of approximately 262 additional rooms booked annually.
“The createchangeŽ program for the hospitality industry is even more powerful when coupled with our Cash Flow Positive program,” added Muse. “With a simple approval process, we will fund your entire lighting and controls upgrade; including all products, installation and project-related materials and services. Even better, wherever possible, we will structure the financing to ensure that energy cost savings are greater than monthly financing costs, which means that hotels will experience an immediate positive cash flow.”
With Hubbell Lighting’s Cash Flow Positive program, hotels can receive no down payment, 100% fixed rate, long-term financing usually approved in 24-48 hours that does not impact existing lines of credit or hinder their ability to borrow in the future.
“We are in a situation today where the economic advantages of new lighting technologies are a given,” remarked Muse. “Now we need to spur adoption. That is why createchangeŽ is so important.”
To learn more about Hubbell Lighting’s createchangeŽ program for the hospitality industry, visit www.hubbelllighting.com/solutions/retrofit/applications/hotel-properties.
About Hubbell Lighting
Hubbell Lighting is one of the largest lighting fixture manufacturers in North America. The company provides a full range of indoor and outdoor lighting products serving the commercial, industrial, institutional, and residential markets. Hubbell Lighting brands include Alera Lighting, Architectural Area Lighting, Beacon Products, Columbia Lighting, Compass Products, Devine Lighting, Dual-Lite, HomeStyle Lighting, Hubbell Building Automation, Hubbell Industrial Lighting, Hubbell Outdoor Lighting, Kim Lighting, Kurt Versen, Prescolite, Progress Lighting, Security Lighting, Spaulding Lighting, Sportsliter Solutions, Sterner Lighting Systems, Thomasville Lighting, and Whiteway. Hubbell Lighting: one name, distinctive brands, limitless lighting possibilities. For additional information, please visit www.hubbelllighting.com and follow Hubbell Lighting on YouTube, Twitter, LinkedIn, and Facebook.
Electricity Rate: $0.11 per KWH and includes lighting energy, maintenance, HVAC and controls savings; 24 hours of daily operation
Based on average revenue per available US hotel room (RevPAR) of $65.16.