Posts Tagged ‘Case’

Sol Vista Publishes Case Study on Impressive Energy Savings at Hotel Mondrian L.A.

Friday, May 15th, 2015


Silver Spring, Maryland (PRWEB) April 01, 2015

SOL VISTA, the hotel energy experts, just published a case study detailing the impressive energy cost savings resulting from their energy optimization recommendations implemented at the posh Hotel Mondrian L.A. By the conclusion of the comprehensive energy efficiency engagement, the luxury hotel realized utility cost savings of 21 percent, electricity usage reduction of 17 percent and water use reduction of 21 percent. These savings generated increased bottom line profit without inconvenience or impact to the hotels celebrity clientele.

The case study, available for free download here, details how the SOL VISTA team started with a complex, onsite hotel systems and equipment investigation and energy audit. Using those findings and metrics on the propertys historic energy, gas and water consumption and cost – analyzed by the Companys proprietary Skywalk technology platform – the team developed a list of energy conservation projects. Each one included cost and estimated return on investment.

While energy efficiency was a key objective, of equal importance was whether recommendations met the artistic vision of the hotel and the luxury experience expected by upscale guests, explains Zack Moore, SOL VISTA co-founder and project manager for the Mondrian multi-year effort.

With an extensive list of recommendations in hand, the SOL VISTA team implemented each project and served as onsite project managers — all while the Mondrian operated around the clock. From front of house to back of house projects, the SOL VISTA team and their vendors had to be invisible to the guests especially when upgrades took place in occupied guest rooms.

What makes us unique in the energy management market is our extensive experience in the hotel industry with its 24/7 operation, says Mr. Shannon Sentman, Co-founder and CEO. Our team and the vendors we select understand how to get large energy efficiency projects done without causing guest discomfort or complaints. The hotel management and staff appreciate our ability to manage these complex energy projects from start to finish so they can remain focused on delivering exceptional guest experiences, he adds.

SOL VISTA has reduced energy costs and usage for nearly 150 hotels since its inception. To view a list of these clients, click here. The Company plans to publish a series of hotel case studies throughout the year.

We have become the go-to hotel experts for optimizing energy and utility costs, easily enabling hotel owners to increase hotel profitability and value on an ongoing basis, Mr. Sentman explained.

ABOUT SOL VISTA

SOL VISTA helps hotels quickly and continuously reduce utility expenses through a unique combination of onsite services and performance data analytics software. We impart years of energy consulting, real estate investment, hotel operations, and software experience to each new engagement. Our onsite services leverage Skywalk, our proprietary SaaS platform, to transform energy and water data into results that significantly reduce utility consumption and supply costs. At nearly 150 hotels, including many well-known brands and properties, we have successfully delivered actual utility cost savings of 20 to 50 percent. For more information, visit http://www.solvista.com







Napoli Bern Ripka Shkolnik LLP Secures $8.4 Million Judgment in Case Involving Fraudulent Real Estate Investment Scheme

Thursday, August 21st, 2014


New York, NY (PRWEB) August 13, 2014

In a recent state investment fraud case, the Securities and Commercial Litigation Group at Napoli Bern Ripka Shkolnik LLP obtained an $ 8.4 million judgment on behalf of two companies that had invested millions of dollars that was supposed to be used to develop several pieces of commercial real estate. Instead, court documents show the defendants used that money as a personal piggy bank and refused to repay the investors, relying on a web of companies they had set up to shield them from any personal liability.

According to the lawsuit, the defendants are a family headed by Yehuda Lieb Puretz and include his wife, Tertza Puretz, and his children, Malka Blau and Aron Puretz. The defendants also included the YLPF Trust (initialed after Yehuda, the leader of the scheme) and their fraudulent realty companies St. Marks Homes Realty, LLC, St. Marks Homes One Realty, LLC and St. Marks Homes Two Realty, LLC which were the alter egos of the YLPF Trust.

As shown in court documents, the defendants solicited $ 4 million from the plaintiffs in return for two mortgaged promissory notes, which the defendants refused to repay when the notes became due. The lawsuit alleged that the St. Marks companies were sham companies and set up only to shield the individual defendants from personal liability for the amounts they borrowed from the plaintiffs. Court documents stated that the St. Marks companies were undercapitalized, had not maintained any bank accounts, and had no bank records since at least 2007 when the plaintiffs invested the $ 4 million in the fraudulent scheme. The plaintiffs investment was filtered through the St. Marks companies to the YLPF Trust, with the individual defendants as the beneficiaries of the YLPF Trust.

The judgment entered in the case shows that the defendants cannot hide behind corporate entities to avoid repaying the money they borrowed. The $ 8.4 million judgment includes not only the $ 4 million borrowed but substantial interest for not having repaid the loan for over six years.

The case NCC Capital, LLC et. ano. v. St. Marks Home Realty, et. al., Index No. 501264/2013 was decided by the Honorable David Schmidt of the New York State Supreme Court, Kings County.