Energy Savings for a Hotel Management Firm
The Chicago Hotel Collection is a boutique hotel management group that owns and operates four luxury hotels in downtown Chicago.
Overview of Chicago Hotel Collection’s Energy Needs
Managing four popular hotels also means managing high energy usage that fluctuates with occupancy levels, so Chicago Hotel Collection was searching for a cost-stabilizing solution.
As any hospitality professional knows, hotels are notoriously energy intensive. Usage patterns fluctuate widely between peak-tourism and the off-season, while amenities, like pools and restaurants, add even more demand. Chicago Hotel Collection wanted to combat their shifting energy needs and rising Chicago electricity rates with a long-term cost-stabilizing solution.
Customer Highlights
Energy Goals & Challenges
With four energy-intensive hotel properties in their portfolio, rising energy costs and fluctuating usage patterns were impacting their bottom line.
Four energy-intensive properties with seasonal energy needs
Facing unpredictable bills and rising Chicago electricity rates
Searching for a solution that offers flexibility, cost control, and simplified billing.
Solutions and Savings
- Implemented a flip-to-fixed electricity plan for flexibility and cost stability
- Consolidating four properties under one contract for simplicity
- Market monitoring to lock in fixed rates during seasonal pricing dips
Annual Savings $60,211
Why a Flip-to-Fixed Energy Solution Was the Perfect Fit
With a flip-to-fixed energy contract, businesses start with market-based pricing, allowing them to capitalize on seasonal dips. Our experts monitor the market to identify the best time to switch to fixed pricing and lock in long-term savings.
The Chicago Hotel Collection was best suited for flip-to-fixed because it allowed them to take advantage of more competitive rates during their off-season. Our market monitoring helped them lock in fixed pricing just before rates began to climb, helping them secure six-figure savings over the life of their contract.
Turning a Strategic Partnership into Long-Term Savings
Chicago Hotel Collection
Results & Savings
By partnering with Integrity Energy, this hotel management group found their ideal energy solution that balances flexibility and long-term savings. Through ongoing market monitoring and account management, Chicago Hotel Collection will save over $180K in just three years.
Results Summary
Ready to Become Your Own Energy Success Story?
Don’t settle for one-size-fits-all energy solutions. Maximize your savings with strategic energy solutions from the experts at Integrity Energy today!
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Kat Garside
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