WHAT IF THE HOTEL SOLD?
The most popular option is for the room trading agreement to transfer to the new hotel owner. If the guest occupancy changes considerably to high occupancy (not often), the hotel can opt to buy out the remaining value of the room trading agreement.
WHAT IF THE HOTEL DOESN'T HAVE ROOMS AVAILABLE ON A BUSY NIGHT?
You can designate up to 3 black out dates per year on dates that htp won't send EVoucher guests.
If the Hotel book the rooms first, then htp won't send any Evoucher guests.
The htpNRG booking system works in a similar setup as other 3rd party booking (expedia, orbitz, etc.) once the hotel owner reaches a satisfactory level of occupancy (typically around 95%), the hotelier can shuts down the outside booking.
DOES THE OWNERS HAVE TO PROVIDE A PERSONAL GUARANTEE?
Yes. This is an off books solution to pay for the solar upgrade. There will be a UCC-1 fixture filing on the solar equipment that will be transferred to the next hotel owner if/when you sell, If the Hotel defaults on honoring the Rooms then the personal guarantee is in effect.
HOW MANY ROOMS DO I CONTRIBUTE FOR MY SOLAR ARRAY?
Once the hotel is submitted, htpNRG will carry out an analysis of the property location to determine how many rooms will be needed. Note: there will be no more than 7% of the room inventory used per night. htp typically send 0-4 EVoucher guests per night.
HOW BIG WILL THE SOLAR ARRAY BE?
The standard solar array size will be a 100kw array. Once engineers have carried out the mobilization, we will hone in a more specific system size that offsets as much of your electric bill as possible given the area of the hotel property that can be used for a solar array.
DOES SOLAR ADD TO THE VALUE OF THE HOTEL?
Yes. htpNRG can introduce you to the Compnay that will conduct the appraisal of the solar equipment from Novogradac who has a particular expertise in real estate and renewable energy appraisals.
WILL THE ROOMS SOLD THROUGH THE VOUCHER PROGRAM WATER DOWN THE REGULAR RACK PRICES?
No. The rooms are sold through loyalty and mileage programs where the participants pay for part or all of the voucher through points/miles. Additionally, rooms are sold in large blocks to corporations with traveling company personnel that need a place to stay while on the road.
WHAT IF THE SOLAR STOPS WORKING?
The moment the solar stops working, the hotelier is not obligated to honor vouchers. Given the stability solar arrays around the country have demonstrated, along with the system warranty & monitoring, the likelihood that the system will be down for a long time, or at all is extremely low.
IS THE SOLAR ARRAY MAINTAINED FOR THE HOTEL?
Yes, your solar array will be regularly monitored by the htp & Intelligen.energy team to ensure you are getting optimal results from your system.
WHAT IS THE MOBILIZATION FEE FOR?
Part of the fee will cover the technical site survey and design to ensure the system is customized to the specific hotel, while the other part is used to onboard the hotel with the htp booking system to ensure a smooth Evoucher placement process throughout the room trading agreement period.
HOW MUCH WILL THE HOTEL SAVE WITH SOLAR?
Savings will vary depending on the system size, electricity use by the hotel, and the local utility costs. The fact sheet agreement will give a close estimate, while the mobilization period will hone in on custom savings that is expected to see for the hotel.