Wednesday November 27th, 2013 - 10:01AM
SAN FRANCISCO—Hersha Hospitality Trust was selected to receive NAREIT’s 2013 Lodging & Resorts Leader in the Light Award for its EarthView program, the company’s sustainable portfolio-wide energy use practices and sustainability initiatives.
“We are honored to be recognized for the second consecutive year as the NAREIT Lodging & Resorts Leader in the Light,” stated Jay H. Shah, CEO of Hersha Hospitality Trust. “Our focus on achieving measurable, profitable results through our EarthView triple bottom line sustainability program strategically positions Hersha as a best-in-class investment option for an ever increasing number of institutional investors who weigh sustainability as part of their investment analysis.”
EarthView, Hersha’s sustainability program, is the internal driver of the company’s success in managing and reducing its portfolio-wide energy use. Through the EarthView program, Hersha achieved reductions in energy, water and waste that lowered the company’s environmental impact while producing property-level savings.
Steven A. Wechsler, NAREIT’s president and CEO, recognized Hersha’s industry leadership in sustainability and presented Shah with the Leader in the Light award at REITWorld 2013: NAREIT’s Annual Convention for All Things REIT in San Francisco.