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ΑΡΧΑΙΑ ΣΟΦΙΑ,
ΔΥΝΑΜΗ
ΣΥΓΧΡΟΝΗ
CHP Business Impact Scenario
Divani Caravel Athens
The 17,465 square meter Divani Caravel faces significant challenges due to economic uncertainty, making investors wary of hotel projects or renovation risks, resulting in higher costs and more difficulty securing financing. Additionally, Athens' air pollution, exacerbated by its geography, dense population, and traffic congestion, presents further concerns for attracting visitors to the city.
Combined Heat and Power solutions for its 471 rooms could increase EBITDA by 2-3 percentage points through energy efficiency improvements and enhance the Debt Service Coverage Ratio (DSCR), potentially securing better financing terms. The Hellenic Development Bank offers financing options for energy efficiency projects, including CHP systems, with favorable terms and lower interest rates.
Key Benefits*
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Increased EBITDA: The €600,000 rise in EBITDA improves DSCR, enhancing appeal to lenders.
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Enhanced Asset Value: Ten-year value reaches €16.8 million, with a €10.4 million increase in asset value.
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Financial Coverage: Government subsidies and EU funds can cover 50% to 70% of CHP system costs in Greece.
How Will CHP Impact Your Business Performance?
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CHP Business Impact Scenarios use current energy data to make projections and exclude financing and incentives to estimate the Internal Rate of Return and Ten-Year Value. These figures are preliminary estimates, with more accurate projections to be determined by the Combined Heat & Power Primary Energy Accelerator.
Disclaimer: The CHP Business Impact Scenarios presented on this website are hypothetical and intended as examples of the potential benefits of Combined Heat and Power (CHP) systems. These scenarios are based on publicly available data, primarily from sources such as the U.S. Energy Information Administration (EIA), British Columbia Utilities Commission (BCUC), UK Department for Business, Energy & Industrial Strategy (BEIS), Deutsche Energie-Informationsdienst (EID), Statistics Finland (Tilastokeskus) and Greek Regulatory Authority for Energy (RAE). All findings and calculations have been independently derived without direct input or involvement from the property owners. Actual results may vary based on specific site conditions and operational factors.