When we talk about Impact Investment in the Hospitality industry is about how Impact investing directs capital to enterprises that generate social or environmental benefits. At the ESHClub, we encourage investors and portfolio managers to support responsible investment practices that help to tackle grand global challenges. You could read more about the Hospitality Impact Investment initiative here.
Svart hotel development is an example of using hospitality as a force for good.
Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return. Impact investments can be made in both emerging and developed markets, and target a range of returns from below market to market rate, depending on investors' strategic goals.
The growing impact investment market provides capital to address the world’s most pressing challenges in sectors such as sustainable agriculture, renewable energy, conservation, microfinance, and affordable and accessible basic services including housing, healthcare, and education. - The Global Impact Investing Network
This Hotel is located close to the Svartisen Glacier, North of the Arctic Circle in the Meløy Municipality. 1.5 hours drive from Bodo Airport, with direct flights or 2.5 hours flight from Oslo, Norway. Svart will have105 rooms Guide Price for Investment: From €150k to €10m+
Miris, has established the Green Real Estate Development company to co-ordinate existing and future Green real estate projects. They will implement existing and future technology to maximise energy optimisation’s potential, leading to climate positive solutions.
The opportunity is to invest in this project, via a Green Bond system with a fixed 7% return, and matures in 4 years. The fund is looking to achieve €500m, of which €100m was achieved in February 2021. The minimum investment is for €150,000.
SVART will be the world’s first energy-positive hotel, located close to the Svartisen glacier, north of the Arctic Circle.
INTEGRATED ARCHITECTURE
The hotel concept, designed by leading Norwegian architects and engineering companies, will have 105 rooms, onsite education and design lab. The architecture inspired by local coastal building traditions and stands on wooden piles dissolving the boundary between land and fjord. The hotel’s shape provides a panoramic view of the fjord and the experience of living in proximity to nature.
The design is low-impact, and its construction based on local materials to the furthest extent possible.
Energy
SVART aims to become 100% self-sustainable and completely OFF-GRID within five years– independent from the power grid. The hotel will save 85% of its annual energy consumption and harvest enough solar energy to cover both the hotel operations, including its boat shuttle operation (15 minutes ride) and power required to construct the building. The ambition is to push goals further and develop scalable technology that can be expanded to other establishments to reduce its energy consumption.
F&B
The hotel will have a sustainable farm producing ingredients for the hotel’s four restaurants.
Miris intention is to preserve nature and focussing on innovation.
Landscape
Norway’s second-largest glacier within the polar circle. The aim is to showcase how a human-made structure can co-exist in harmony with nature by actually being self-sufficient and giving back to life without causing any harm.
Local Stakeholders
The work with Svart started in 2017/18 together with Snøhetta, Consto, Skanska, Asplan Viak and Meløy municipality. In October 2018, the local authorities approved the zoning plan required to start the detailed planning phase. Since 2019, Miris has worked on the design programming and schematic design phase of the project with the architectural and engineering team.
Guest Journey
Svart will demonstrate how contemporary traveller can contribute to our planet’s sustainable growth without sacrificing modern-day living frills and comforts.
A holistic approach for tranquillity enhancing the guest journey with the most profound sense of lifestyle and wellbeing, evolution and sustainable awareness.
Spa, Health and Wellness Clinic
Their principles focus on supporting local communities for its supply chain, with local herbs, plants, and marine sources. Furthermore, the glacial surroundings and helps guests reconnect to nature by incorporating traditional Nordic remedies with modern therapies.
With its development plan for completing and opening the Svart hotel by 2023. These are the key actions and projects within the hotel development:
• All products and materials used for the project from renewable, recyclable or organic sources
• The interior design concepts which takes the hotel experience to the next level of sustainable innovation where technology plays a central role but equally integrating the human senses and body to enhance the knowledge and indeed adopt the most advanced guest experience and mind-body-soul rejuvenation.
• Svart will produce the energy required to develop and operate to become energy positive and further supply with energy all additional activities and operations of the greater Svart destination.
• Developing the greenhouse and sustainable model farm is a critical path and source to the hotel food chain supply of farm to table and recycling programme on zero waste.
• Developing a sustainable F&B programme from locally sourced, products, utilizing the renewable farm and greenhouse-grown ingredients.
• Establishing and developing the boat experience-enhancing it by working with the first fully electrical operated boats manufacturers.
• Spa products and guest experience will be utilizing sustainable and local resources.
• Waste management and recycling policies and plan for all aspects of the project during development and during its operational years.
Svart has a world-class team with the necessary diversity and depth of expertise and experience to develop the project and manage the asset in-country.
Svart key pillars are:
Location nature preservation.
Innovation.
Integration of technology.
Development of off-grid solutions.
Greenhouse farming.
A sustainable operational and holistic approach of the guest journey.
The current Owner is Jan Gunnar Mathisen is CEO, founder and majority shareholder in Miris. For interested investors, there is a full 24-page business plan we can send interested parties after NDA Tenure: Freehold/ Agent: THPT is direct to Miris Guide Price for Investment: From €150k to €10M+
For further details please contact THPT