5G LLC, a provider of connectivity technology solutions, has signed an agreement with IHG Hotels & Resorts to connect more than 3,000 IHG-branded hotel rooftops with 5G networks. The technology aims to provide asset owners with a long-term digital revenue stream.
“For IHG-branded hotel owners, this agreement represents a unique opportunity to gain a revenue stream by leveraging unused space on a property’s rooftop without added owner costs,” Colin Macdonald, VP of operations, Americas, IHG Hotels & Resorts, said in a statement. “One advantage from this collaboration is that 5G LLC can market to multiple wireless carriers on an owner’s behalf for increased revenue potential.”
5G LLC is working with thousands of portfolio managers and all major carriers in the United States to deploy and expand 5G connectivity. The company works with both carriers and leaders in the commercial real estate sector to help clients capitalize on untapped opportunity.
“Demand is growing considerably for rooftop connectivity for 5G,” said Rick Varnell, managing director of 5G LLC. “Leaders from commercial real estate and telecommunications have been looking for ways to bridge the operating challenges that can lead to significant potential for hotel owners. 5G LLC is at the forefront of that solution.”
5G LLC lets commercial real estate owners become an immediate on-ramp to national 5G deployments. In turn, these owners can receive a long-term financial benefit from turning their rooftops into a recurring revenue stream that drives net operating income and increases asset value.