COURTYARD BY MARRIOTT PORTLAND CITY …seradesign.com/wp-content/uploads/Courtyard-PDX-Casestudy-.pdf · COURTYARD BY MARRIOTT PORTLAND CITY CENTER SAGE Hospitality ... Courtyard

SERA ARCHITECTS INC. 2009 © Courtyard by Marriott Portland City Center: A Green Hospitality Case Study V2.2

COURTYARD BY MARRIOTT PORTLAND CITY CENTER SAGE HospitalityLEED Gold Certified


CASE STUDY PARAMETERS

The case study quantifies the cost premium for LEED Gold above the cost of a doing the same

hotel on the same site without pursuing LEED. For example the credit for Public Transportation

Access was considered zero cost because the site met the requirement. However, the Bicycle

Storage and Changing Room credit called for program space and equipment not typically in the

program, therefore a cost was accessed. Both hard and soft costs were analyzed. Incentives

and utility cost reduction paybacks were also factored in.

RESULTS

The final analysis shows a 1.2% soft cost & hard cost premium to the project to pursue LEED Gold.

After factoring in the Oregon incentives, the premium is eliminated. The energy and water conservation

measures continue to pay back approximately $60,000 in savings each year. After 10 years, the

property will save over $675,000 dollars in operating costs. Isolating the cash outflows and inflows

related to LEED, the project realizes a 28.8% return on investment for funds spent on green initiatives.

The property will benefit from a 30% reduction in energy costs and 26% reduction in water and

sewer charges. It will also provide a healthy indoor environment to guests and employees. The

green initiatives that will be achieved and verified via LEED certification will set the property apart

from others. It will give the property the ability to gain market share from the growing number of

groups and individuals who are concerned about the environmental performance of the hotels

they choose.

.

EXECUTIVE SUMMARY – VERSION 2.2


CREDITS (10 of 14 possible)

Site Selection $ 0

Development Density & Community Connectivity $ 0

Brownfield Redevelopment $ 0

Alternative Transportation, Public Transportation Access $ 0

Alternative Transportation, Bicycle Storage & Changing Rooms $ 2,400

Alternative Transportation, Fuel- Efficient Vehicles (operations cost per year - 2 yrs) $ 2,400

Alternative Transportation, Parking Capacity $ 0

Heat Island Effect, Non-Roof $ 0

Heat Island, Roof $ 0

Light Pollution Reduction $ 0

Total Cost for Category $ 4,800

BENEFITS

Increased convenience for guests via car share program.

Reduced impacts of transportation and associated carbon emissions.

Mitigate on and off site environmental degradation.

SUSTAINABLE SITES

cost premium

above typical



Water Efficient Landscaping, reduce by 50% $ 0

Water Efficient Landscaping, no potable use or no irrigation $ 0

Water Use Reduction, 20% $ 16,240


BENEFITS

Reduced water consumption by 26%, almost equal to an Olympic size pool per year.

Expected water utility cost savings for property of $5,880 per year.

$124,716 reduction of City System Development Charges for efficiencies.

WATER EFFICIENCY

cost premium

above typical



Prerequisite: Fundamental Commissioning (soft cost) $ 40,000

Optimize Energy Performance, 30% (6 points) $ 188,800

Enhanced Systems Commissioning (soft cost) $ 25,000

Enhanced Refrigeration Management $ 0

Green Power, 35% for 2 year contract (operations cost) $ 10,000


BENEFITS

Reduced energy consumption by 30%, equivalent to consumption of 42 households per year.

Expected utility cost savings for property of $57,686 per year.

ENERGY & ATMOSPHERE

cost premium

above typical

Baseline/Typical Construction Energy Consumption As Designed Energy Consumption

ENERGY MODEL

Energy Conservation Measures:•High Performance Glazing

•Increased Building Insulation

•High Efficiency Lighting

•High Efficiency HVAC Equipment

•High Efficiency Water Heater

•Simple Heat Recovery 15% cooling

30% savings

10% heating8% lighting

14% fans

& pumps

22% heating

13% lighting

8% hot water

4% cooling14% fans

& pumps

4% elevator9% hot water23% misc.

plug loads

4% elevator

22% misc

plug loads



Construction Waste Management, Divert 75% from Landfill $ 0

Recycled Content, 10% $ 0

Regional Materials, 20 % $ 0

Total Cost for Category $ 0

BENEFITS

Diversion of material from landfill.

Reduced transportation of material.

Reduced use of virgin material.

MATERIALS AND RESOURCES

cost premium

above typical



Outdoor Air Delivery Monitoring $ 23,960

Construction IAQ Management Plan, During Construction $ 14,250

Low-Emitting Materials, Adhesives & Sealants $ 0

Low-Emitting Materials, Paints & Coatings $ 0

Low-Emitting Materials, Carpet Systems $ 0

Controllability of Systems, Lighting $ 0

Controllability of Systems, Thermal Comfort $ 8,400

Thermal Comfort, Design $ 0

Thermal Comfort, Verification $ 0

Daylight & Views, Daylight 75% of Spaces $ 0

Daylight & Views, Views 95% of Spaces $ 0


BENEFITS

Comfortable & healthy indoor environment for guests and employees.

INDOOR ENVIRONMENTAL QUALITY

cost premium

above typical



Green Housekeeping Policy (operations cost) $ 2,000

Exemplary Performance: Public Transportation Access $ 0

100% Covered Parking $ 0

70% Green Power (operations cost) $ 6,720

LEED Accredited Professional $ 0


BENEFITS

Healthy environment for guests and employees.

Marketing of green efforts to guests.

TOTAL LEED CREDITS TARGETED (LEED Gold 39 to 51 points) 41

TOTAL COST ABOVE TYPICAL BUILDING FOR SUSTAINABLE INITATIVES $ 342,570

TOTAL COST ABOVE TYPICAL BUILDING HARD COSTS ONLY $ 254,050

INNOVATION AND DESIGN

cost premium

above typical


Courtyard by Marriott Portland City Center, Portland, OR - LEED Gold Target Opening Spring 2009 Values specific to the Pacific NW

Soft Costs

Incentive Registration $ 1,822

LEED Registration Fee $ 6,820

Commissioning $ 90,000

Energy model $ 23,850

LEED credit calculation $ 43,000

LEED process management $ 50,400

Total Soft Costs $ 215,892

Hard Cost Premiums above typical to achieve sustainability goals

Sustainable Sites $ 2,400

Water Efficiency $ 16,240

Energy & Atmosphere $ 188,800

Materials & Resources $ 0

Indoor Environmental Quality $ 46,610

Innovation & Design $ 0

Total Premiums $ 254,050

Soft & Hard Cost Premium 1.2% of cons. $ 469,942

Nationwide Resource for Incentives: Database of Incentives for Renewables & Efficiency www.dsireusa.org

COST FOR LEED / SUSTAINABILITY BENEFITS ANALYSIS

Incentives

State Grant Incentives $ 320,000

State Tax Credit Incentives (pass through) $ 193,324

Reduced City Development Charges $ 124,176

Total Incentives $ 637,500

Costs Premium After Incentives $167,558

Utility Cost Pay Backs & Operating Expenses

Energy Cost Savings per year $ 58,035

Water & Sewage Cost Savings per year $ 5,880

Additional Ops Costs (one time) $ 2,000

Green Power & cost per year (2yrs) $ 8,360

Fuel Efficient Vehicle cost per year (2yrs) $ 2,400

Operations Cost Savings year 1 $ 52,355

Operations Cost Savings year 2 > $ 63,115

Operations Cost Savings 10 years $ 676,331(assumes 2% utility cost increase per year)

Pay Back Period to Cover Premium 12 Months(incentives received approximately 12 months after completion)

http://www.dsireusa.org


Courtyard by Marriott Portland City Center, Portland, OR - LEED Gold TargetValues specific to the Pacific NW

COST FOR LEED / SUSTAINABILITY ROI ANALYSIS

Return on Investment 28.8%

Depreciation Tax Savings assumes straight line depreciation, 42% tax rate, 40 year building life and 7 year equipment life. Utility cost escalation assumed at 2%


COURTYARD BY MARRIOTT PORTLAND CITY CENTER SAGE HospitalityLEED Gold Certified

energy & water efficiency - healthy indoor environment - ability to increase market share - 3rd party verification

GREEN HOSPITALITY : EVERYTHING

YOU EXPECT IN A HOTEL. ONLY BETTER

Hospitality projects are complex,

with demanding stakeholders who

have diverse needs. SERA

understands these needs and

continually works to balance and

prioritize them through the filters

of great design and sustainability.

We work with our clients to deliver

elegant properties that provide

enhanced returns on investment

and create a built environment

that is respectful of resources and

beautiful in every way.

SERA Architects

Contact : Gary Golla

[email protected]

503.445.7361

www.serapdx.com

Documents

COURTYARD BY MARRIOTT PORTLAND CITY …seradesign.com/wp-content/uploads/Courtyard-PDX-Casestudy-.pdf · COURTYARD BY MARRIOTT PORTLAND CITY CENTER SAGE Hospitality ... Courtyard