London Rd, Markyate,
Luton, AL3 8HH

– saved over £100k as part of £1.3m tender
– showed savings for three different owners
– obtained fully fixed pricing from 31 suppliers

Scenario

The hotel, set in the Hertfordshire countryside but only a mile from Luton airport uses significant energy and has always sought management of their utilities to be extremely competitive and correctly supported in the bill management.

Initially the site was part of the Nine Group, a collection of 11 Hotels incorporating Novotel London Heathrow, DoubleTree by Hilton in Reading, Mecure St Albans Noke Hotel and others. The site was then incorporated within The Sarr Group of Hotels, themselves with three hotels and a larger care home portfolio.

EEH Ventures has now acquired the site as part of its growing portfolio in the UK and has retained Dr Cost to manage its utility expenditure.

Resolution

In 2016 Dr Cost entered and won a tender against several national and independent utility brokers.

Dr Cost implemented significant savings in the hotel’s gas and electric and ensured that all supplies were taken over within 14 days of instruction to ensure that they did not suffer non-contract rates.

In a subsequent tender in 2017 Dr Cost implemented contracts worth over £1.3m of annual spend and implemented savings of over £105,000 based against the best alternative options via three other brokers.

Dr Cost has now secured long term contracts for the groups in 2018 and 2019 and has arranged for speedy meter installations and handles frequent query resolution.

Our Client Says

Fantastic service managing all utilities and ensuring the best deals obtained. Dr Cost have saved the business thousands over the past 4 years and we look forward to many more savings to come.

Chris Brand, General Manager, Luton Holiday Inn