Case Study

Strategic Retrofit of PE Hotel Portfolio

Enabling the deployment of Combined Heat & Power (CHP) across 15 hotels owned by Cerberus Capital Partners and managed by Aimbridge Hospitality.

€5.7m

Investment Volume

€1.3m

Annual Savings

1029

Annual tCO2 saved

15 yrs.

Contract term

The Story

Bullfrog Capital enabled a developer working alongside global hotel management company Aimbridge Hospitality on the rollout of financed CHP technologies across a hotel estate owned by Cerberus Capital Partners.

With 2G Energy AG as the contractor responsible for the construction and maintenance of the equipment, the hotels benefit from low-cost electricity and heat purchase agreements from the developer’s CHP equipment.  

Bullfrog Capital advised the developer in securing an exit sale of the portfolio at Ready to Build (‘RTB’) stage to a listed infrastructure fund.

The Upshot

Rapid rollout of green technology in anticipation of hotel portfolio sale (enhanced asset value)

Off-balance sheet contracting mechanism

Critical nature of equipment mitigated obligor's poor credit standing

Technologies

Combined Heat & Power (CHP)

Partners

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