SETTING A NEW STANDARD FOR ECO-CONSCIOUS INVESTMENT

Transcription

1 SETTING A NEW STANDARD FOR ECO-CONSCIOUS INVESTMENT

2 OUR FIRM Starwood Capital Group i a 25-year-old private invetment firm with: A primary focu on global real etate. Aet under management of $51 billion. More than 2,200 employee in nine office worldwide, and approximately 20,000 additional employee involved with a dozen portfolio operating companie. With 1 Hotel, we have created a miion-driven platform for: Developing hotel in an environmentally reponible manner. Operating the propertie with a focu on minimizing their environmental impact. Encouraging guet to purue a more eco-conciou lifetyle. We have alo applied our focu on utainability to: Other hopitality propertie around the world. Invetment in retail, land, office and reidential aet. Our energy infratructure buine, Starwood Energy Group, ha been a leader in the hift toward greener production: Inveted in clean energy project acro North America totaling 1,450 megawatt. STEPHENS RANCH WIND PROJECT, BORDEN AND LYNN COUNTIES, TEXAS. ON THE COVER: 1 HOTEL CENTRAL PARK, NEW YORK CITY. STARWOOD CAPITAL GROUP 1

3 OUR WORLD FARM STANDS AT ALL 1 HOTELS FEATURE FRESH, LOCALLY SOURCED PRODUCE. 1 Hotel Emerging a an Indutry Leader In Environmentally Conciou Hopitality At Starwood Capital Group, we don t jut look at real etate a it i today we ee it a it could be. Thi idea extend to our approach to environmentally reponible inveting a well. Intead of accepting the tatu quo that ay conervation i a econdary concern when managing property, we are committed to etting a new tandard for the private equity indutry. Nowhere i thi commitment more apparent than 1 Hotel. Operated by Starwood Capital affiliate SH Group, thi luxury lifetyle brand repreent hopitality with a purpoe: To celebrate nature while encouraging ophiticated traveler to live well, do better and connect with the world around them. All 1 Hotel are deigned to meet the tringent requirement of LEED certification, the rating program adminitered by the U.S. Green Building Council that i the indutry tandard for meauring building utainability. Each property in the 1 Hotel portfolio i ditinguihed by open pace bathed in natural light, food made with the frehet organic ingredient and material for contruction and furnihing that are reclaimed or repurpoed whenever poible. The daily operation of each 1 Hotel i carefully orchetrated to minimize the property carbon footprint by leveraging local reource, conerving non-renewable material, minimizing platic and paper conumption and reducing landfill wate. Each 1 Hotel guetroom i equipped with: Triple Clear water filter in tap (eliminating the need for platic water bottle), ink and hower. State-of-the-art, energy-efficient heating and cooling ytem. Built-in LED lighting. Natural Keeta hemp-blend mattree. All-natural cotton towel, robe, ock and linen. Clothe hanger molded from recycled paper. Cutom 1 Hotel product featuring naturally derived ingredient with the freh cent of nature. Eco-friendly cleaning olvent. A paperle approach to the guet experience include electronic check-in, bedide chalkboard intead of notepad, and an in-room Nexu device pre-loaded with CLOCKWISE FROM LEFT: LOBBY AND CORAL STONE SIGN AT THE ENTRANCE OF 1 HOTEL SOUTH BEACH; GUESTROOM AT 1 HOTEL CENTRAL PARK AND FLOOR NUMBER COMPOSED OF REPURPOSED PENNY NAILS; GUESTROOM SITTING AREA AT 1 HOTEL SOUTH BEACH newpaper, magazine and the 1 Guide, the 1 Hotel app controlling all apect of a room from televiion to communication to temperature. To help minimize our impact on the urrounding communitie, all 1 Hotel provide acce to Tela premium electric vehicle ride within a pre-et radiu and complimentary valet parking for guet own electric vehicle and bicycle. 1 Hotel philoophy regarding it culinary offering i: Ingredient firt. The company ha partnered with celebrated chef including Tom Colicchio, Jonathan Waxman and Seamu Mullen united by a common focu on ingredient, eaonality and reponible ourcing from local purveyor. In addition, farm tand located in the lobby of each hotel offer nack from local farmer and upplier. A Platform for Change 1 Hotel launched in March 2015 with the opening of 1 Hotel & Home South Beach in Miami, Florida, on the ite of the former Ganevoort Miami South Beach. Situated on 600 feet of pritine beachfront property, the reort benefited from a comprehenive refurbihment enuring that nature i omnipreent from the graceful twit of driftwood furnihing to the oothing ound of the ocean and abundance of living material. A prime example of nature tarring role i the two-tory green wall at the main entrance to the property the larget of it kind ever intalled at a U.S. hotel. Compriing almot 3,000 quare feet, the wall contain approximately 12,000 living plant and 23 different pecie that thrive in the local microclimate. The wall alo include a pecially deigned irrigation ytem that i employed only when neceary. In addition, the hotel hot a 10x30 foot green wall in the hotel ballroom highlighted by a patent-pending ytem deigned to naturally clean the air. Headboard for the hotel bed have been created by aving Colorado beetle kill pine, and wood from the predeceor property boardwalk ha been repurpoed for the new pool deck. The reiliency meaure at 1 Hotel South Beach which i targeting LEED Certified deignation extend beyond the property boundarie. Through a program with the City of Miami that eek to protect and maintain the coatal environment, each hotel employee can allocate a portion of hi or her eight hour of paid annual community ervice to removing invaive exotic plant from nearby dune and replacing them with native pecie that naturally trap and tabilize the and. Dune repreent the firt line of defene againt coatal flooding from torm urge. By enuring that 2 STARWOOD CAPITAL GROUP STARWOOD CAPITAL GROUP 3

4 OUR WORLD RENDERING OF 1 HOTEL BROOKLYN BRIDGE, WHICH IS SCHEDULED TO OPEN IN the environment around the hotel i healthy and vibrant, we can provide our property and the community with a natural barrier againt the detructive force of hurricane. The 1 Hotel portfolio expanded further in Augut 2015, with the opening of 1 Hotel Central Park in New York City. Located jut 100 tep outh of Central Park, the hotel pay homage to Manhattan larget green pace with a three-tory living wall on the building exterior made of 24,000 individually potted Englih ivy plant. Embedded in the hotel front door are 16,000 branche collected from landcaping job on nearby Long Iland and artfully arranged to greet guet with nature the moment they arrive. Uing the exiting office building indutrial architecture a a reference point, the deign feature the raw beauty and compelling imperfection of natural and regionally ourced material uch a wood, brick, tone and gla all blended with original riveted teel beam and concrete ceiling. Redwood tave reclaimed from water tank throughout New York City have been incorporated into the building façade, while beam and timber from New York State barn and factorie have been recycled for the property guetroom. The hotel fitne center floor ha been fahioned out of the old baketball court from the Univerity of Wiconin. Terrarium utilizing uniquely haped recycled tudio gla highlight each guetroom. Whimical, individually crafted rendition of floor number ue a variety of repurpoed material, including penny nail and acorn. In 2016, 1 Hotel firt all-new, from-the-ground-up property will open at an iconic waterfront ite in Brooklyn. Located jut outh of the Brooklyn Bridge, the 1 Hotel Brooklyn Bridge will feature weeping view of the Manhattan kyline, the Eat River and New York Harbor, and direct acce to the numerou wateride lawn and recreational facilitie of the eponymou, 85-acre park whoe operation we upport through financial donation. In order to help preerve our property tunning natural backdrop, we plan to reclaim all rainwater and ditribute it to the park for irrigation. We alo intend to reetablih native planting and mature tree to retore natural habitat throughout the ite and on the property roof terrace, reduce the heat iland effect of the roof and provide green common pace for both hotel guet and reident of the condo in the adjacent Pierhoue. Greenery will be prominent throughout the hotel interior a well, and will include a green wall in the lobby and variou vegetation bed built into tone wall in the public area. Sutainably ourced or reclaimed wood, late tile, granite flooring, marble wall lab and plumbing trim a well a furniture piece by local Brooklyn artian all figure prominently in the property contruction, deign and finihe. Among many luxury feature, each condo unit will come with a compoting unit and every hotel room will contain a tree. With an infinity pool and fire pit ringed by rocking chair, the rooftop lounge and terrace will be a oneof-kind gathering pace. Like 1 Hotel Central Park, 1 Hotel Brooklyn Bridge i targeting LEED Silver certification. A Source of Inpiration At 1 Hotel, we aim to create a ene of community and engage our guet in a dialogue about how we all can help protect the environment yet we do o in a whimical manner. For example, each hower at 1 Hotel Central Park feature a plank of reclaimed cypre that contain a five-minute hourgla gently encouraging guet to be mindful of their water conumption. Such touche undercore one of the animating principle behind 1 Hotel: The luxury of enough. Through our Daylife program, we have etablihed a erie of activitie and ritual deigned to cultivate poitive connection with nature, the community and the local environment. For example, each month, on the evening of the new moon when the ky i at it darket we dim the light for an evening of candlelight in the hotel lobby in order to raie awarene of global light pollution and honor the celetial cycle of our planet. Guet are alo treated to targazing opportunitie at each property with telecope or tar map. And we have partnered with local non-profit to offer guet volunteer opportunitie to help utain the environment from planting a tree to cleaning a beach. We alo believe that it never too early to cultivate ecoconcioune. 1 Hotel Seedling program doe more than jut provide day care for our younget guet it help foter a ene of curioity and wonder about the world around u. For example, a recent Ecoytem Exploration day in South Beach in partnerhip with our friend at the Patricia and Phillip Frot Mueum of Science included a meet-and-greet with a reptile from the mueum collection, a tudy of the different kind of coral keleton repreented in nearby reef ytem and a hand-on planting of mangrove propagule. Our ultimate goal i to join with our guet in an exploration of how mall tep can make a big difference when it come to the world around u. FROM TOP TO BOTTOM: LOBBY OF VICEROY ANGUILLA; AERIAL VIEW OF SEA ISLAND, GEORGIA; LOBBY AT ANDAZ MAUI AT WAILEA RESORT, WAILEA, HAWAII. Environmental Awarene Extend To Hopitality Propertie Globally Starwood Capital commitment to utainable hotel operation i not confined to 1 Hotel. In 2014, Hawaii Andaz Maui at Wailea Reort wa honored with LEED Silver certification for it effort to reduce energy and water conumption, and minimize wate and emiion. In the redevelopment of a predeceor property, the reort reued 93% of the exiting wall, floor and roof. The property efficient deign reulted in annual energy cot aving of approximately 20%, while an onite renewable olar thermal ytem fulfill almot 4% of the reort annual energy need. Water conumption ha been reduced by a drip irrigation ytem intalled in planter bed throughout the reort, while ga-powered equipment ha been eliminated from the landcaping proce. The hotel kitchen utilize a dehydrator that hrink food wate to jut 10% of it original weight, and create a compotable byproduct. Among the property many utainability meaure, local coconut are drained to extract coconut water, while the meat i dehydrated to create body crub and the remainder i fermented to produce coconut oil for maage. Bio-platic traw and reuable bamboo cutlery are ued in outdoor F&B outlet, while biodegradable potato tarch cutlery and bioplatic cup are employed for takeout order. At the Sea Iland Reort in Georgia, an ambitiou ea turtle neting program overeen by a full-time naturalit on taff i focued on both conervation and education. Approximately 5,000 of the endangered creature are hatched on the reort beach each year, with hotel guet BY THE NUMBERS Our Firm commitment to the environment can be illutrated by ome key tatitic: 226,500 platic bottle aved per month acro the 1 Hotel portfolio through the ue of glaware and triple-filtered tap water. 24,000 Ivy plant blanketing the façade of 1 Hotel Central Park 16,000 Branche collected from nearby landcaping job that are woven into the deign of 1 Hotel Central Park front door 12,000 Plant in 1 Hotel South Beach living wall the larget of it kind at a U.S. hotel 7,500 Weight in pound of the 1 ign at the entrance to the South Beach hotel fahioned from a ingle piece of local Florida coral tone 7,000 acre of open pace preerved in Starwood Land Venture Harmony community 6,288 Square feet of wood aved from NYC water tank and repurpoed at 1 Hotel Central Park 5,000 ea turtle hatched annually, on average, at the Sea Iland Reort beach 4 STARWOOD CAPITAL GROUP STARWOOD CAPITAL GROUP 5

5 OUR WORLD invited to oberve both adult and baby turtle a they embark upon their critical journey to and from the ocean. Sea Iland rich ecoytem which include marhland, maritime foret, riverfront and beach upport a wide variety of wildlife, and the reort offer birding expedition (with bird of prey uch a bald eagle a common ight), a well a a daily eining at the urf line with a 60-foot net that afford guet the opportunity to oberve the many pecie reiding right at the reort hore. Newly contructed and opened in May 2014, The Hilton Garden Inn Wahington, D.C./Georgetown Area i a premium elect-ervice hotel that ha received LEED Silver certification due to it many green feature including condenate and ventilation recovery ytem, low volatile organic compound finihe and even eparate vegetative roof over three different level of the property. In addition, the Wetin Ottawa wa honored by the Hotel Aociation of Canada with it Green Key Meeting and Energy and Environment award. At the Viceroy Anguilla in the Caribbean, over 90% of the water fixture are low-flow, and a leak detection ytem ha been implemented acro the reort. A drip irrigation ytem ha been intalled for tree and flowerbed on the property. At thee and our other hotel propertie, Starwood Capital continue to how that taking care of guet and taking care of the environment are not mutually excluive. KITSAP MALL, SILVERDALE, WASHINGTON LOUIS JOLIET MALL, JOLIET, ILLINOIS Taking Step Toward Greener Mall Amid it teady growth into one of the larget hopping mall enterprie in the United State with 30 propertie totaling over 28 million quare feet aembled ince 2012 Starwood Retail Partner ha introduced a number of ecofriendly practice acro it portfolio. The Starwood Capital affiliate ha intalled LED lighting in the parking lot of even propertie a project that will provide etimated aving on energy cot of more than $600K annually. The team ha alo implemented interior LED retrofit at two mall, executed water conervation ytem at two more, and introduced on-demand repone program for utility uage at two other retail center. An ambitiou recycling program produced more than 3,640 ton of recycled material acro the portfolio year to date through October In addition, the operation director for all Starwood Retail Partner propertie are required to undergo training to be certified a LEED Aociate. Through uch effort, the team ha demontrated that it operational expertie extend beyond re-merchandizing, retenanting and refreh program for it aet. It ha alo proved that it can ignificantly reduce the environmental impact of the many retail center on it platform and, like Starwood Capital, et a new tandard for it indutry. Repect for the Land Through our affiliate, Starwood Land Venture one of the leading provider of reidential ite to the U.S. homebuilding indutry a well a our land invetment acro multiple fund, we have taken a hand-on approach to preerving irreplaceable habitat and minimizing the impact of development on fragile ecoytem. Our Harmony development near Orlando, Florida one of the top-elling mater planned communitie in the area ha earned Green Development certification from the Florida Green Building Coalition baed on a number of community-wide practice that follow utainable principle, including: A land-ue mix that allow reident to meet mot daily need within a hort ditance of their home making walking, cycling or neighborhood-type vehicle a viable firt choice for tranportation. More than 7,000 acre of open pace out of the community total area of approximately 11,000 acre. Irrigation control on public and private land that conerve water by reponding to landcape growing condition. Extenive ue of native plant and grae in landcaping. Two natural lake of approximately 500 acre apiece with protected horeline for recreation. Dark Sky-compliant lighting to reduce glare, eliminate wated light and preerve our tar-filled ky. The ucce of the project Energy Star practice and Dark Sky lighting are reflected in the fact that they have been adopted a policy by the Eat Central Florida Regional Planning Council and Oceola County. In addition, in partnerhip with our builder, every home in Harmony i built with a minimum of Energy Star tandard for durability, indoor environmental quality and energy efficiency. Thi can ave homeowner up to 30% on utility cot compared to a home built jut a few year ago. rock outcropping, a well a native tand of Gambel oak. We are clutering development area to maintain corridor for wildlife uch a deer, elk, bear and wild turkey. We are providing ignificant tabilization of the McMurdo Gulch running through Terrain, thu creating additional wetland area and wildlife habitat. We are alo utilizing water-wie landcape architecture. Finally, we are preerving over 50% of the community land for open pace and public uage. Our Terramor community in Southern California which broke ground in November 2015 i employing a number of meaure to protect the land and natural reource. Water conervation, among other utainability feature, will include the ue of native and drought-reitant landcaping. Slope will be irrigated with reclaimed water to addre the Southern California climate and the current drought condition. Exiting riparian habitat will be preerved, while developer will dedicate 540 acre of permanent open pace. Our development at Sierra Bella, Canyon Hill and Sycamore Creek in California are all taking imilar tep to Terramor in conerving water and preerving habitat. Permanent open pace of approximately 176, 66 and 73 acre have alo been deignated at Sierra Bella, Canyon Hill and Sycamore Creek, repectively. TERRAMOR COMMUNITY, SOUTHERN CALIFORNIA WESTIN OTTAWA, CANADA HILTON GARDEN INN WASHINGTON, D.C./ GEORGETOWN AREA In our Terrain community in Catle Rock, Colorado, we have carefully preerved view of the Rocky Mountain and natural Our effort acro our invetment prove that, even a we develop land, we can help preerve it a well. 4,000 Wine bottle reclaimed for drinking glae and carafe at 1 Hotel Central Park 2,459 Square feet of wood reclaimed from the bedding bin of muhroom-growing facilitie for 1 Hotel Central Park guetroom 1,450 Megawatt of renewable power developed or under contract via Starwood Energy Group 650 Tree killed by beetle in Colorado that were given new life in 1 Hotel South Beach guetroom and corridor 40% guet who ay that 1 Hotel have influenced their utainability practice at home. 15 propertie owned by Starwood Capital affiliate garnering LEED recognition for green deign or operation 8 Hour of paid community ervice contributed annually by each 1 Hotel South Beach employee 5 Minute counted by hourglae intalled in the hower at 1 Hotel Central Park 1 world we live in 6 STARWOOD CAPITAL GROUP STARWOOD CAPITAL GROUP 7

6 OUR WORLD Supporting Sutainable Office and Reidential Propertie Spearheading the Shift Toward Clean Energy Production Starwood Capital eco-conciou approach to inveting alo include office and reidential propertie around the world. In the 25 year ince our inception, a number of aet owned by the Firm and it affiliate have garnered recognition for their environmentally friendly deign or operation, including: T-Mobile Office Park, Waraw: Poland firt building to earn BREEAM Excellent certification. A both corporation and individual place a greater emphai on the health of the environment in their deciion-making procee, clean ource of energy have een a urge in interet. Starwood Capital affiliate Starwood Energy Group ha emerged a a leader in the indutry puh toward greener energy production. Since it founding in 2005, the team ha inveted in a number of innovative wind, olar and other renewable energy project acro North America, including: Beagle Houe, London: Expected to receive BREEAM Excellent certification upon it completion. The Viionaire, New York City: Manhattan firt Platinum LEED-certified condominium project. Vertigo Office Building, Luxembourg: Luxembourg firt HQE (Haute Qualité Environnementale)- certified development. Quattro Buine Park, Krakow, Poland: BREEAM Very Good certification for three of the building and BREEAM Excellent certification for the fourth. One Union Station, Denver, Colorado: LEED Gold certification. Jefferon MarketPlace, Wahington, D.C.: LEED Silver certification. Jefferon Wethore, Tampa, Florida: National Green Building Standard deignation. Katowice Buine Point, Katowice, Poland: BREEAM Very Good certification. Lopuzanka Buine Park, Waraw: BREEAM Very Good certification. Harmony, Florida: Sutainable Florida, Promiing Practice and WCI Green Building Award; Certified Green Development; Aurora Award, Green Contruction Reidential Development/Mixed Ue Development; Dark Sky Development of Ditinction; International Audubon Cooperative Sanctuary (Harmony Golf Preerve). Block 300, Portland, Oregon: LEED Gold certification. Starwood Solar Sault Ste. Marie, Ontario, Canada: A three-phae, 69-megawatt DC olar photovoltaic project one of the larget olar power plant in Canada. Berlin Station, Berlin, New Hamphire: A 75-megawatt, wood-fired power plant one of the larget bioma power plant in the Northeat. Gaineville Renewable Energy Center, Gaineville, Florida: A 100-megawatt, wood-fired power plant one of the larget bioma power plant in the U.S. Hudon and Neptune Tranmiion Project, New York and New Jerey: Two project that, upon commencing operation in 2007 and 2013, repectively, provided cutomer in New York City and Long Iland with acce to ignificantly cheaper and more divere ource of energy, including low-cot hale ga, nuclear and renewable. Nautilu Solar Energy, Summit, New Jerey: A leading olar power producer. Shannon Wind Project, Clay County, Texa: 204-megawatt project that began commercial operation in December Stephen Ranch Wind Project, Lynn County, Texa: Two-phae project totaling 376 megawatt that began commercial operation in November Hore Creek, Knox and Hakell Countie, Texa: 230-megawatt wind project expected to begin commercial operation in October STARWOOD CAPITAL GROUP STARWOOD CAPITAL GROUP 9

7 RENDERING OF 1 HOTEL BROOKLYN BRIDGE AND PIERHOUSE, NEW YORK CITY OUR COMMITMENT Good for the Environment and for Our Invetor J ut a 1 Hotel ha proven that green deign and luxury hopitality are not mutually excluive, o Starwood Capital ha demontrated time and again that environmentally conciou inveting can alo be profitable inveting. Whether employed for hotel, mall, houing, office, condo or energy infratructure, utainable deign and practice often reult in more efficient procee that reduce expene and enhance the value of real etate aet. Such propertie alo benefit from the growing demand from eco-mindful tenant, buyer and invetor. For example, ale price for our condo at 1 Hotel & Home South Beach have far exceeded broker expectation to date, while a penthoue unit at the Pierhoue adjacent to 1 Hotel Brooklyn Bridge i expected to et a new pricing record for a Brooklyn condo ale upon cloing. A an indutry leader, we embrace the opportunity to erve a teward of the environment. We are jut a eriou about erving a teward of our invetor hard-earned capital. Acro our portfolio, we are have demontrated that thee critical reponibilitie can go hand-in-hand. 10 STARWOOD CAPITAL GROUP STARWOOD CAPITAL GROUP 11

8 KATOWICE BUSINESS POINT, KATOWICE, POLAND OUR MISSION Acro all real etate aet clae globally, Starwood Capital continue to purue opportunitie to develop and manage propertie in an environmentally enitive manner while alo upholding our reponibility to enhance the value of our invetment to the ultimate benefit of our limited partner. We appreciate the upport of our invetor, buine partner, tenant and guet a we continue Setting a New Standard for Eco-Conciou Invetment. 12 STARWOOD CAPITAL GROUP STARWOOD CAPITAL GROUP 13

9 NORTH AMERICA Greenwich, CT Starwood Capital Group 591 Wet Putnam Avenue Greenwich, CT Phone: Atlanta Starwood Aet Management 400 Galleria Parkway, Suite 1450 Atlanta, GA Phone: Chicago Starwood Retail Partner One Eat Wacker Drive, Suite 2600 Chicago, IL Phone: Lo Angele Starwood Capital Group and SPT Management San Vicente Boulevard, Suite 920 Lo Angele, CA Phone: EUROPE London Starwood Capital Europe Advier, LLP One Eagle Place, 2nd Floor St. Jame London, SW1Y 6AF United Kingdom Phone: ASIA Hong Kong Starwood Capital Aia 100 QRC, 15/F 100 Queen Road Central Hong Kong Phone: Miami Starwood Capital Group and LNR 1601 Wahington Avenue, Suite 800 Miami Beach, FL Phone: San Francico Starwood Capital Group and SPT Management 100 Pine Street, Suite 3000 San Francico, CA Phone: Wahington, D.C. Starwood Capital Group rd Street NW, Suite 675 Wahington, D.C Phone: For invetor relation inquirie, pleae contact: Jerome Silvey Executive Vice Preident and Chief Financial Officer Lanhee Yung Managing Director, Global Capital Raiing and Invetor Relation John McCarthy Managing Director, Global Capital Raiing and Invetor Relation Jame K. Broder Director, Global Capital Raiing and Invetor Relation For acquiition inquirie, pleae contact: Jeffrey Dihner Senior Managing Director and Global Head of Real Etate Acquiition Chritopher Graham Senior Managing Director and Head of Real Etate Acquiition for the America For human reource inquirie, pleae contact: Starwood Capital Group Human Reource Printed on recycled paper. 14 STARWOOD CAPITAL GROUP