January 2008
Burton Energy Group and FelCor Lodging Trust extend energy agreement.
Roswell, GA - Burton Energy Group and FelCor Lodging Trust will begin their seventh year of working together on energy management solutions. The energy program has matured to the point that all FelCor assets are under competitive procurement contracts and most properties have initiated energy and water conservation initiatives. FelCor has averaged $2.7 million in energy savings since program inception.
Troy Pentecost, Executive Vice President/Director Asset Management stated “FelCor Lodging Trust appreciates the way Burton Energy Group partners with us on reducing our energy cost. . As a result, in 2007 our savings as a percentage of total energy spend was 6.15%, which significantly impacts our RevPAR. Burton shares in our common vision. The resulting partnership has lead to a real time focus on our property cost and return on investment opportunities, bringing a quick and collaborative proactive direction in improving the performance of each asset and thus enhancing shareholder value for our portfolio.”
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