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Reservoir

The Intelligence Layer
for Connected Hospitality

Intelligence, by definition, must compound.

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The Problem

Hospitality Has Data.
It Doesn't Have Intelligence.

Over the last decade, hospitality has deployed dozens of systems designed to capture and act on guest behavior — PMS, POS, loyalty, F&B, booking, messaging.

Each system works. None of them were designed to work together.

This isn't a coordination problem.
It's an architectural one.

Each platform builds its own incomplete version of the guest. Each interaction lives and dies inside the system that captured it. There is no shared layer where intelligence can accumulate.

Intelligence, by definition, must compound.

  • Identity fragments across systems
  • Behavior never compounds
  • Intelligence resets every stay

Hotels don't lack data.
They lack a way for that data to become intelligence.

And without that, personalization remains isolated, manual, and non-compounding — no matter how many systems are deployed.

Luxury hotel lobby with warm sunlight and modern furnishings
The Solution

A New Layer — Not Another Tool

Reservoir introduces a neutral intelligence layer that sits across the existing hospitality stack. Reservoir is the layer where intelligence lives.

It does not replace systems. It allows them to operate as part of a coordinated whole.

By resolving identity within the hotel environment, and transforming behavior into intelligence that can be shared across systems, Reservoir creates a layer where intelligence can accumulate and improve over time.

This is not another system of record.
It is the system that makes every system smarter.

No new dashboards. No new workflows. No system replacement.
The systems hotels already use begin to learn — together.

Identity is resolved within the hotel-controlled environment
PII is tokenized at the boundary
Behavior is transformed into usable intelligence
Intelligence is distributed back into existing systems
Why Now

Reservoir Isn't Early.
It's Right on Time.

This category couldn't exist before — Now, it's inevitable.

What Was Missing Until Now

For years, the industry added tools — CDPs, dashboards, point solutions. Each valuable on its own, but none designed to compound.

Like Sisyphus, pushing the boulder uphill, every gain slipped back — because there was no foundation to anchor learning over time.

Reservoir isn't another step.
It's the foundation that allows every step to compound.

The Shift That Made This Possible:

01
Hotels became event-rich, so the data finally exists
Over the last 5–7 years, hotels digitized every guest touchpoint — PMS, POS, mobile apps, loyalty, F&B, activities, in-room tech.
02
Privacy regulation killed centralization without consolidation
Regulation & consumer expectations made centralized guest profiles untenable — without any single platform able to replace the stack.
03
Software fragmentation hit a ceiling — Hotels feel it
Hotels now run dozens of best-in-class systems that don't talk to each other. Replacing them is unrealistic.
04
AI raised the bar — and exposed the gap
AI made personalization possible, but without unified guest intelligence, progress remained isolated, manual, & non-compounding.
Why We're Different

Why We're Different

Most hospitality platforms were built to operate within constraints.
Reservoir was built to make those constraints irrelevant.

Execution Platforms (PMS, POS, CRM, Guest Apps)
  • Designed to execute workflows
  • Operate in local, siloed context
  • Not built to learn or compound intelligence
  • Depend on centralization, requiring consolidation
CDPs and Data Aggregators
  • Centralize guest data
  • Require trust and data transfer
  • Produce dashboards, not decisions
  • Break under privacy, ownership, & boundaries
Generic Cleanrooms
  • Enforce compliance and isolation
  • Isolate data safely — but stop there
  • No compounding learning
  • No intelligence or activation layer
They act — but they don't think.
They compile — but they don't activate.
They protect — but they don't personalize.
Reservoir
Intelligence Infrastructure
Keeps raw data and identity inside hotel-controlled environments.
Transforms behavior into traits, intent, and predictive signals.
Allows learning to compound across stays, systems, and properties.
Operates only on privacy-safe identity tokens.
Deploys intelligence directly into existing execution systems.
Not another tool. Not another platform. The missing intelligence substrate hospitality never had.
Traction

Built With the Industry, Not For It

Design partnerships secured with leading hospitality operators
Additional enterprise pilots in active legal review
Backed by leading early-stage investors
The Opportunity

A Platform With Different Value —
Depending on Where You Sit

For Investors
Infrastructure, Not Application

Reservoir is not another application layer. It is infrastructure — the intelligence layer that allows every system in hospitality to work better together.

As adoption grows:

  • Each integration strengthens the system
  • Each interaction improves intelligence
  • Each property compounds the network
This is how intelligence becomes a standard — and how a product becomes a platform.
For Hospitality Operators
Unlock What You Already Have

Reservoir doesn't replace your systems — it unlocks them. By connecting fragmented guest behavior across PMS, POS, loyalty, and beyond, Reservoir enables:

  • More relevant personalization
  • Higher conversion on ancillary revenue
  • A consistent understanding of the guest across every touchpoint
All without changing workflows or giving up control of your data.
For Builders
Define Architecture, Don't Inherit It

Reservoir is building the intelligence layer an entire industry will run on.

This is a first-principles systems problem across identity, privacy, distributed data, and real-time intelligence.

It is a rare opportunity to define architecture — not inherit it.

And to build something that, once it works, becomes very difficult to replace.
Meet Our Founder

Built by Someone Who Has Solved This Before

Matthew Kestenbaum
Founder

Reservoir was founded by Matthew Kestenbaum, a second-time founder who has spent his career building systems that turn fragmented human behavior into revenue at scale.

He previously founded and exited Zero Moment Media and helped scale Thrillist and Group Nine Media into global platforms.

Reservoir is the culmination of that work.

Connect With Us

Help Define the Intelligence Layer
of Hospitality

We are building foundational infrastructure for a new category.

For builders who want to solve hard systems problems. For operators looking to unlock the value of their data. For partners shaping the future of the ecosystem.

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Pre-Seed
Current Stage
8+
LOIs + Pilot Commitments
$9B+
Global Market Opportunity
🗂Brand Materials
📊Financial Records
📋Legal Documents
🔍Market Research
📬Investor Updates
💬FAQ
Brand Materials
Logos, guidelines, pitch materials, and brand assets
🗂
Logo Package
SVG · PNG · All variants
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📐
Brand Guidelines
PDF · Typography, Color, Usage
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📊
Investor Pitch Deck
PDF · Feb 2026
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📄
Company One-Pager
PDF · Executive Summary
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Financial Records
Projections, cap table, revenue model, and use of funds
📈
Financial Projections
XLSX · 3-Year Model
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💰
Revenue Model
PDF · Unit Economics
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📋
Cap Table
XLSX · Current Ownership
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🎯
Use of Funds
PDF · Pre-Seed Allocation
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Market Research
TAM/SAM/SOM, competitive analysis, and validation
🌍
TAM / SAM / SOM Analysis
PDF · Global Hospitality Intelligence Market
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📡
Competitive Landscape
PDF · CDPs, PMS Add-ons, Cleanrooms
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🗣
Customer Discovery Findings
PDF · Hotel Operator Interviews
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📰
Industry Research
PDF · Third-Party Reports
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Investor Updates
Monthly progress reports sent to stakeholders
📬
No updates posted yet.
Monthly investor updates will appear here as they are published. Stakeholders will receive email notifications when new updates are posted.
Frequently Asked Questions
Answers to common questions from investors and partners
What exactly is Reservoir? +

Reservoir is a cleanroom-enabled intelligence infrastructure built for the hospitality industry. It transforms fragmented guest behavioral data — spread across PMS, POS, loyalty, mobile apps, OTAs, and F&B systems — into unified, actionable intelligence that compounds over time, across stays, and across properties.

Critically, Reservoir does this without centralizing raw guest data or exposing personally identifiable information. We operate on privacy-safe identity tokens, meaning data stays inside hotel-controlled environments at all times. We are infrastructure — not a product layer, not a dashboard tool, not a CRM replacement.

How does the cleanroom architecture work? +

The process has six steps: Ingest → Resolve → Protect → Activate → Deploy → Trigger.

Guest behavior is pulled from existing hotel systems via API (Ingest). Guest identities are resolved inside the hotel's own environment where raw PII still exists (Resolve). PII is then encrypted and tokenized — still within hotel boundaries — so no raw personal data ever leaves (Protect). Those privacy-safe tokens enter Reservoir's engine, where behavior becomes traits, preferences, and intent (Activate). That intelligence is re-attached to the guest token in the cleanroom and piped back into the same hotel systems that sent the data (Deploy). Finally, those systems use Reservoir intelligence to automatically trigger personalized actions at scale (Trigger).

At no point does Reservoir see or store raw guest identity data.

How is Reservoir different from a CDP or a PMS add-on? +

CDPs centralize guest data — which creates trust, privacy, and ownership problems. They require hotels to hand over their data. They produce dashboards, not decisions. They break under modern privacy regulations. They also don't compound intelligence; they aggregate it.

PMS/POS add-ons operate in siloed, local context. They execute workflows but don't learn from them. They can't cross property or brand boundaries. They don't generate behavioral intelligence.

Reservoir is none of these. We sit as a neutral intelligence layer above the stack — we don't replace existing systems, we power them. We operate only on privacy-safe tokens. And critically, the intelligence we generate compounds over time and across properties, creating a moat that grows with every interaction.

What is the business model? +

Reservoir uses a three-tier recurring revenue model:

Platform Access Fee: $2,000/property/month — covers core cleanroom, identity tokenization, and the base trait engine.

Input Integration Fees: $250/integration/month — hotels pay for each system sending events into Reservoir (PMS, POS, CRM, OTA, loyalty, F&B, etc.).

Output Integration Fees: $250/integration/month — hotels pay to pull personalized intelligence signals back into their execution systems.

A typical property runs roughly $50K ARR. At 100 properties that's $3–5M ARR; at 1,000 properties, $30–50M ARR+. The US market alone includes 60K+ hotels, representing a $3B+ annual opportunity. Globally, 187K+ hotels and a $9B+ opportunity.

What is the current stage and what are you raising? +

Reservoir is currently raising a Pre-Seed round with two milestone-based tranches. We have already secured design partner commitments, multiple pilot agreements, and 8+ additional letters of intent across luxury, enterprise, and independent hotel segments — all pre-funding.

$350K tranche — delivers a working MVP in 12 weeks: unified event ingestion API, identity resolution, privacy tokenization, first-gen trait engine, guest intelligence API, and a lightweight demo surface. Goal: prove the intelligence pipeline is real and demo-ready for pilots.

$700K tranche — delivers production-grade, cleanroom-ready infrastructure with advanced normalization, scalable identity engine, probabilistic scoring, webhooks/activation framework, and CTO-grade technical documentation. Goal: pilot-ready, investor-confidence-building, Series Seed setup.

The founding CTO archetype has been defined and active conversations are underway with senior technical leaders experienced in data infrastructure, identity, and cleanroom-style systems. Compensation, equity, and a 90-day technical roadmap are scoped and ready to execute immediately post-funding.

How does Reservoir handle data privacy and compliance? +

Privacy is not a feature of Reservoir — it is the structural foundation. The entire architecture is designed so that raw guest PII never leaves hotel-controlled environments. Hotels remain in full governance and control of their guest data at all times.

Reservoir operates exclusively on privacy-safe identity tokens and derived behavioral signals. This design means Reservoir is inherently compliant with GDPR, CCPA, and emerging hospitality-specific data regulations — without requiring hotels to change their privacy policies or expose guest data to a third party.

This architecture also eliminates the trust problem that plagues CDPs and data aggregators: hotels don't need to "trust" Reservoir with their data because we never receive it in raw form.

Why is now the right time for this? +

Four converging forces make this moment inevitable:

Hotels became event-rich: Over the last 5–7 years, hotels digitized every guest touchpoint — PMS, POS, mobile apps, loyalty, F&B, activities, in-room tech. The data finally exists at scale.

Privacy regulation killed centralization: GDPR, CCPA, and consumer expectations made centralized guest profiles untenable — without any single platform able to replace the stack. This created the structural gap Reservoir fills.

Software fragmentation hit a ceiling: Hotels now run dozens of best-in-class systems that don't talk to each other. Replacing them is unrealistic. A neutral intelligence layer is the only viable solution.

AI raised the bar and exposed the gap: AI made personalization possible in theory, but without unified guest intelligence, progress remained isolated, manual, and non-compounding. Reservoir is the missing layer that makes AI-driven personalization structural.

What is the competitive moat? +

Reservoir's moat is compounding intelligence. As more systems, properties, and partners participate, the intelligence becomes richer, more predictive, and more valuable — while the data itself remains siloed and controlled by each hotel.

This is a structural network effect: every integration makes every other integration more valuable. A hotel joining Reservoir in year two benefits from all the trait modeling and pattern recognition built from year one's activity — without ever accessing another hotel's guest data.

Additionally, because Reservoir becomes embedded in every existing execution system as the intelligence layer, switching costs compound over time. We become load-bearing infrastructure — not a vendor to be replaced.

Who is the founding team? +

Reservoir is founded by Matthew Kestenbaum, who has spent his career building the systems that turn human behavior into revenue — at scale.

In his first decade, Matthew helped scale Thrillist into the #1 travel and experience publisher in the world ($75M+ ARR), then scaled Group Nine Media into a global media powerhouse reaching and engaging 100M+ people daily ($200M+ ARR). He then founded Zero Moment Media — a data-driven revenue optimization platform and marketing technology stack — which he bootstrapped to $13.24M in revenue at approximately 80% margin in under 24 months, before successfully exiting via acquisition in June 2022. Since then, he has worked with leadership teams across industries helping design infrastructure that converts fragmented behavioral data into actionable insights that drive meaningful business outcomes.

Reservoir is the culmination of all of that work. His career has centered on a single conviction: if you truly understand what your audience wants, it's really not that difficult to give it to them. The founding team also includes Daniel Yang as Strategic Advisor — former Chief Customer & Innovation Officer at MGM Resorts International and current Managing Partner at Pacific Owl Ventures — who provides strategic guidance on large-scale property rollouts and monetization alignment.

What systems does Reservoir integrate with? +

Reservoir is designed to integrate with the full hospitality technology stack via API. This includes Property Management Systems (PMS), Point of Sale systems (POS), Online Travel Agencies (OTA), Customer Relationship Management platforms (CRM), enterprise systems (ENT), mobile guest apps (APPS), Food & Beverage systems (F&B), and activities/amenity platforms (ACT).

Critically, integrations require no workflow changes on the hotel side. Reservoir ingests events and activity data — not operational workflows — meaning hotels can connect their existing systems without disrupting daily operations.

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