Edwardian Hotels London has secured a £175m ‘Green Loan’ from HSBC UK in a bid to make new boutique hotel, The Londoner, one of the greenest in the UK when it opens in spring 2020.
The loan is the first in the sector to meet the Green Loan principles, which were set out in March 2018 to encourage and facilitate environmentally-friendly economic activity.
The funding will be used to ensure the new hotel exceeds the BREEAM Excellent category in building environmental and sustainable performance. This will include using construction materials with a low environmental impact, to new technologies such as a liquid film which will reduce evaporation and energy loss from the hotel’s swimming pool.
The hotel is also aiming to contribute to the sustainability of its neighbours by including a heat network connection.
Initially, this will be linked to the Edwardian Hotels London-owned hotel next door to The Londoner, The Radisson Blu Edwardian Hampshire, but could also be extended to the surrounding area in the future.
In total, the hotel is set to use 30 per cent less carbon than regulations demand.
The Londoner will comprise 350 bedrooms split across 15 storeys, plus signature restaurants and dining spaces with meeting and events spaces.
Jasminder Singh OBE, chairman and founder of Edwardian Hotels London, said: “Since its inception we have always had bold ambitions for The Londoner to write itself into the very fabric of the city. We have been dedicated to delivering a high-quality, sustainable, integrated hotel and this Green Loan supports that vision. We are delighted that this new property, designed to celebrate the character of the capital, has become the first in the hospitality industry to secure this.”
Rob King, head of sustainable finance at HSBC UK, said: “HSBC has made a commitment to provide US$100bn of Sustainable Finance by 2025 to help businesses transition to a lower carbon economy. Green Loans are an exciting development in Sustainable Finance which will encourage the investment urgently required to meet our carbon emission reduction targets.”
Earlier this month it was revealed at Charles Oak, former GM at Heckfield Place, will take the helm of The Londoner as hotel director when it opens next year.