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How Pebblebrook used Station A to reduce risk and improve solar economics
Solar was one of the clearest ways to manage their energy spend, but they had to ensure they selected a path that made financial sense.
46 Hotels Nationwide
Pebblebrook evaluated solar across a large portfolio with varying utilities and regulations
11 Competitive Bids
Standardized RFPs revealed a large pricing spread for the same project
5-6 Payback Period
Avoided a 10-year payback scenario by selecting the right provider with confidence
$5M in Avoided Cost
Competitive bidding prevented overpaying, without adding internal burden
Pebblebrook Hotel Trust owns and operates 46 hotels and resorts across the United States. Each property sits in a different market, with different utilities, regulations, and economics. Energy decisions at that scale are complex, and mistakes are expensive. Sustainability is part of how Pebblebrook thinks about long-term performance. The company has set clear targets, including a goal to reduce greenhouse gas emissions by at least 30% by 2030, alongside annual goals to reduce energy and water use by 5% or more at each property.
Solar was one of the clearest ways to make progress, but they had to ensure they selected a path that made financial sense.
At the San Diego Paradise Point property, Pebblebrook selected a provider and moved into permitting and documentation. The project is tracking toward a 5–6 year payback, consistent with Station A’s original analysis from roughly a year earlier. From selecting a provider to executing a contract, the process took six weeks, rather than the six to twelve months Pebblebrook had experienced in the past.
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Ray Martz, Co-President & CFO, Pebblebrook Hotel Trust