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					                   HTL Consulting Company Profile




1 Northumberland Avenue
Trafalgar Square
LONDON WC2N 5BW

Email:     info@htlconsulting.com
Website: www.htlconsulting.com
Telephone: 020 7872 5706
HTL Consulting Limited Company Profile


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The reputation of consulting firms is based on their people and experience. HTL
Consulting is led by Martin Gerty and Mark Phillips, who have approaching 50 years
experience of advising clients in the hotel, tourism and leisure sectors. This follows
operational hotel and resort management experience in Europe, North America and
the Caribbean. Our clients come from the widest spectrum of those involved in the
world’s most dynamic industry including governments, international tourism and
planning organisations, international hotel management companies, financial
institutions, developers, construction companies and private entrepreneurs. Our ethos
is clear and based on:

•   Expertise: detailed knowledge of all aspects of the development, planning,
    operation, funding and management of activities with the hotel and tourism and
    leisure sectors.

•   Quality: director involvement in all aspects of our work.

•   Independence: our integrity and commitment to our advice is paramount.

•   Client Focus: understanding the needs of our clients is pre-eminent.

Our senior team comprises:

•   Martin Gerty, BSc, FTS: a graduate of the University of Surrey, Martin gained
    hotel management experience in the UK, America and the Caribbean. He has
    carried out consultancy work since 1978 throughout Europe, Africa, and the
    Middle East, particularly in Francophone countries. He has written widely on real
    estate, tourism, and hotel development matters and allied to his extensive expertise
    of market and financial appraisal of hotel, tourism and real estate projects, he has
    been team leader for major international tourism planning and development
    projects in Africa, Asia, Europe and the Americas.

•   Mark Phillips, BSc, MHCIMA: Mark has been advising clients in the hotel and
    tourism sector since 1987. With a degree from University of Surrey and
    operational experience, he specialises in hotel project appraisal, project
    development and management contract advice. He has worked extensively in
    Europe Africa and the Middle East where he has been involved in city centre,
    resort and mixed use projects.

•   Colin Clark MA: Colin qualified in law prior to his directorships of the British
    Tourist Authority and the English Tourist Board, where his responsibilities
    included policy development, human resources, strategic planning, research
    programme evaluation, industry training, private and public sector liaison and
    international relations. Colin is the British representative to the European
    Standards Organisation’s Committee on Tourism Standards. Since becoming a
    director of HTL Consulting (formerly Horwath UK), Colin has directed major
    research projects and client assignments in a variety of European countries.


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HTL Consulting Limited Company Profile


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Activities and Services

From our London base, HTL Consulting works extensively in Europe (including the
United Kingdom), Africa and Middle East region and elsewhere in the world. Our
knowledge and experience of the tourism and hotel industry is extensive, enabling us
to offer imaginative solutions to the complex challenges in all sectors of the industry.

Key activities for the tourism, hotel and leisure sectors include the following:

•   development strategies and implementation: we work with destinations,
    companies and individual owners or units to formulate development strategies and
    implementation plans.

•   site selection and assessment: we advise on the most appropriate site for a
    product concept or the most appropriate concept for a specific site.

•   product concept and facilities recommendations: for new developments,
    refurbishments and extensions, we advise on the optimum development
    programme taking into account the site, market factors and the financial
    implications.

•   market and financial feasibility appraisals: we carry out detailed market and
    financial assessment of projects (new developments, extensions and/or
    acquisitions) and assist with the product development and master planning process
    that allows the design and development of commercially viable and
    implementable projects. Our financial analysis includes projections of debt
    service before depreciation and taxation, and calculation of the level of
    supportable investment.

•   operational and market issues: we carry out operational and market reviews, to
    diagnose areas of under performance and work with owners / management to
    optimise the market and financial results.

•   hotel developer, operator and investor links: we have extensive links with
    domestic and international hotel developers, operators and funding sources that
    provides us with detailed knowledge of current and future expectations and
    requirements.

•   branding and management: our expertise is based on advice on brand selection
    or development, and whether branding and management should be linked. We
    have experience of advising on management contracts and franchise agreements.

•   asset management: we provide expert assistance to owners in the development
    and operational stages of hotel and tourism projects.




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HTL Consulting Limited Company Profile


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Key Services: key services that reflect our expertise include:

•    Market and financial feasibility studies
•    Market analysis and research
•    Lending reviews
•    Due diligence
•    Income generation based valuations
•    Operational reviews
•    Planning and design reviews and analysis
•    Planning enquiries and expert witness
•    Strategic plans and implementation programmes
•    Site appraisals and optimum use recommendations
•    Product recommendations for new developments and major refurbishments
•    Management company/brand selection and contract negotiations

Client List: our client list demonstrates our professional experience and includes the
world's major hotel, travel and tourism owners, investors, lenders, operators and
relevant government organisations. The following list shows a sample of our clients.

    Accor                                     Kumagai Gumi Company, Ltd
    Barclays Bank                             Le Meridien Hotels and Resorts
    British Airports Authority                Jarvis Projects
    Babcock and Brown                         London Tourist Board
    Bechtel International                     Koc Holdings
    Bovis Lend Lease                          Marriott International
    British Tourist Authority                 Monte Carlo Grand Hotel
    Bulgarian Government                      National Maritime Museum
    Costain Group                             Northern Ireland Tourist Board
    Crown Dilmun                              Norton Rose
    Galliard Homes                            Oberoi Hotels and Resorts
    Gamma Civic Group                         Romanian Government
    English Tourist Board                     Rezidor
    European Commission                       Shaheen Business and Investment Group
    John Laing International                  Sri Lankan Government
    Hilton International                      Summa Construction
    Holiday Inn                               Sun International
    HSBC Group                                Starwood Hotels and Resorts
    Indian Government                         Standards Organisation Committee
    Liverpool Vision                          Taj International
    InterContinental Hotels                   The Bank of Toyko-Mitsubishi, Ltd.
    International Finance Corporation         World Tourism Organisation




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HTL Consulting Limited Company Profile


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Country Experience: the directors of HTL Consulting working experience of the
following locations:
 Europe
 Country        Location
 Austria        Innsbruck, Vienna.
 Belgium        Brugge, Brussels, Gent, Hasselt, Leuven.
 Bosnia         Banja Luka.
 Bulgaria       Bansko, Pomorie, Sofia.
 Croatia        Pula, Rovinj, Vrsar, Zagreb.
 Demark         Copenhagen, Jutland
 Cyprus         Kyrenia, Limassol, Paphos.
 France &       Cannes, Divonne les Bains, Dijon, Le Touquet, Marne la Vallee, Monte
 Monaco         Carlo, Nice, Paris.
 Georgia        Tbilisi
 Germany        Berlin, Dusseldorf, Frankfurt, Essen.
 Greece         Athens, Crete, Porto Heli, Thessalonika.
 Hungary        Budapest.
 Iceland        Rekjavik
 Gibraltar      Gibralta.
 Ireland        Cork, Dublin, Shannon.
 Italy          Naples, Sardinia, Scicily.
 Latvia         Riga, Jurmula.
 Malta          Valletta
 Moldova        Chisinau.
 Monaco         Monte Carlo.
 Netherlands Aalsmeer, Amsterdam, Eindhoven, Hague, Groningen
 Norway         Stavanger
 Poland         Krakow, Warsaw, Zakopane.
 Portugal       Algarve, Lisbon.
 Romania        Bucharest, Constanta.
 Russia         Moscow.
 Serbia         Belgrade.
 Spain          Barcelona, Denia, Estepona, La Gomera, Lanzarote, Malaga, Marbella,
                Majorca, Sotogrande.
 Sweden         Gothenburg, Stockholm
 Switzerland Geneva
 Turkey         Ankara, Antalya, Adana, Bodrum, Istanbul, Izmir, Kemer, Kusadasi,
                Marmaris, Mersin, Trabzon.
 United         Aberdeen, Belfast, Bath, Birmingham, Brighton, Bristol, Cardiff,
 Kingdom        Coventry, Derby, Doncaster, Edinburgh, Glasgow, Inverness, Leeds,
                London, Manchester, Morecombe, Newcastle, Northampton,
                Nottingham, Portrush, Portsmouth, Ramsgate, Shetland, Southampton,
                Stratford upon Avon, Wolverhampton, Wrexham, Yeovil.




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HTL Consulting Limited Company Profile


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Middle East and Maghreb
Country          Location
Algeria          Algiers
Bahrain          Bahrain
Egypt            Cairo, Alexandria, Luxor, Sharm el Sheikh, Taba, Hurghada, Mar
                 Salem, Heliopolis
Iran             Tehran.
Iraq             Baghdad.
Jordan           Amman, Dead Sea.
Kuwait           Kuwait City.
Lebanon          Beirut.
Libya            Tripoli.
Morocco          Agadir, Casablanca, Marrakech, Rabat, Tangiers.
Saudi Arabia     Riyadh, Jeddah.
Syria            Damascus.
Tunisia          Hammamet, Sousse, Tabarka, Tunis.
UAE              Dubai, Abu Dhabi.

Sub-Saharan Africa
Country          Location
Angola           Luanda.
Cameroon         Douala, Garoua, Kribi, Yahoude.
Cape Verde       Sal, Praia.
Cote d’Ivoire    Abidjan.
Ethiopia         Addis Ababa
Gambia           Banju
Ghana            Accra, Tema
Liberia          Monrovia
Mauritius        Flic en Flac
Mozambique       Maputo.
Nigeria          Lagos, Port Harcourt.
Senegal          Dakar
Seychelles       Mahe, Praslin
Sierra Leone     Freetown,
South Africa     Cape Town, St Lucia.
Tanzania         Zanzibar
Uganda           Kampala




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HTL Consulting Limited Company Profile


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 Asia
 Country               Location
 Afghanistan           Kabul.
 Azerbijan             Baku.
 India                 Delhi.
 Pakistan              Lahore, Islamabad.
 Indonesia             Jakarta
 Japan                 Nagasaki
 South Korea           Chungju
 Sri Lanka             Colombo
 Tajikistan            Dushanbe.
 Uzbekistan            Tashkent, Samarkand.

 Americas
 Country               Location
 Antigua               St Johns.
 Barbados              Bridgetown.
 British Virgin Isle   Tortola.
 Colombia              Bogata, Cartagena
 St Lucia              Castries.
 USA                   New York.

Consultancy Experience

Examples of assignment carried out by the directors of HTL Consulting include:

• Market and financial feasibility study, operator selection, management contract
  negotiation and asset management for a new hotel in East Midlands, UK.

• Analysis of key market dynamics and product recommendations for development
  of new chain of budget accommodation in the UK.

• Strategic study for the Northern Ireland Tourist Board to determine Northern Ireland’s
  future tourist accommodation requirements.

• Development plan for a site in Istanbul including market and financial appraisals
  for theme park, office, retail, healthcare, hotel, marina and residential uses.

•   Valuations of hotels in Tashkent and Samarkand (Uzbekistan), Bucharest
    (Romania), Sofia (Bulgaria), Budapest (Hungary) and Moscow (Russia).

• Study of hotel development opportunities, and formulation of a hotel investment
  strategy, for Tajikistan



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HTL Consulting Limited Company Profile


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• Study of Afghanistan’s hotel sector, for the Government and IFC, covering issues
  impacting the tourism sector, hotel supply and demand, upgrading/redevelopment of
  existing hotels, development of new hotels, hotel investment and other relevant
  issues.

• Market and financial analysis and concept advice for a major integrated destination
  on a 700 hectare site south of Quesir on the Red Sea coast of Egypt.

• Market and financial analysis and concept advice for major mixed-use
  developments in Dubai and in Abu Dhabi (UAE).

• Advice on the operational and management contracts for a deluxe hotel in Cairo
  (Egypt).

• Advice on joint venture and strategic development of a group of hotels in Saudi
  Arabia.

• Compilation of operating manuals for Safir International Hotel Management.

• Development strategy for a major regional development project, in Mozambique,
  including wildlife reserve, beach resorts, residential and commercial facilities, and
  enhancement of facilities for the local communities.

• Owners representative for the planning and development stages of a major resort
  project in the Indian Ocean, including advising on the selection of the management
  company and negotiation of the management contract.

• Owner’s representative for refurbishment of the Crowne Plaza London St James for
  Taj International Hotels.

• Market and financial feasibility study for a hotel and residence in Riyadh and also
  in Jeddah (Saudi Arabia).

• Formulation of a Tourism Development Strategy for Bulgaria. This included a
  review of the existing state of the industry, an analysis of the products and potential
  markets and recommendations as to the most appropriate means of developing the
  tourist industry for the future.




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