Cadence continues to find hard dollar savings for hotel industry through innovative energy management solutions

July 20, 2007

Cincinnati, OH—July 20, 2007 – Rising energy costs continue to squeeze margins and slash profits in the hotel industry. Most hotel operators are so focused, and rightfully so, on their ‘heads-to-beds rate,’ that they don’t have time to consider where to begin in cutting their energy costs. That’s where Cadence comes in. Cadence offers a range of innovative energy management programs that deliver visible savings quickly, as well as a talented team of energy management consultants that have the expertise, supply and demand knowledge, and network of suppliers to help maximize energy efficiency.

Hotel and motel owners spend a ton of their overhead on electricity. All told, the entire industry spends an average of $5.3 billion a year on electricity, according to the U.S. Energy Information Administration. In the past year, hotel and motel owners have saved hundreds of thousands of dollars on their utility bills through Cadence’s no-cost Electricity Aggregation Program.

The program works by pooling the buying power of franchisees in the same deregulated market to purchase electricity in bulk from a third-party supplier at a discounted rate. The savings is often far better than individual franchisees can obtain by shopping on their own. Plus, aggregation is a value-added service that franchisors in the hotel and resort industry can offer their members as part of their benefits package. The best part is that Cadence can perform the entire aggregation process in about month, including analyzing the group’s load profile, compiling the data, and researching the suppliers in the market.

Cadence’s trademark Benchmarking Solution is another surefire way hotel owners can cut energy costs by as much as 15 percent on utility bills. By tracking clients’ utility data, Cadence can advise hotels where to make capital investments and help verify the savings were obtained. Benchmarking is an easy way for hotel owners to maximize their electricity output across their entire portfolio, and improve their bottom lines.

About Cadence:

Cadence Network, Inc. delivers comprehensive utility, telecommunications and lease facility expense management to multiple-site businesses including chain stores and the government. The people, services and software of Cadence Network enable businesses to gain control over electric, gas, water, waste, lease and telecommunications expenses by streamlining such services as invoice auditing and payment, rate analysis, and procurement. At work in more than 300,000 locations nationwide, Cadence Network is an EnergyStar Partner of the United States Environmental Protection Agency and a proud supporter of The Arbor Day Foundation.

CONTACTS

Cadence Network Contact: Ben Dolan, Cadence Network, Inc. 866-CADENCE (866.223.3623) bdolan@cadencenetwork.com