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HVS International Appoints New Managing Director Of Madrid Office

For Immediate Release

HVS International, the leading global consulting and services organization for the hospitality industry, is pleased to announce the appointment of Philippe Bijaoui as Managing Director of its Madrid office. Philippe will be responsible for the firm's valuation and consulting work in Spain and Portugal.

Philippe was formerly in charge of the development of the Radisson SAS, Regent and Park Inn brands in Southern Europe and Benelux with Rezidor SAS Hospitality. He had been with Rezidor for the past four years, and previously spent eight years working on hotel and mixed-use real estate developments for hotel investment companies. He was director of Acquisitions for City Hotels (listed on the Brussels stock exchange) and he was Managing Director of Credicom Exploitation, the asset management subsidiary of Groupe SIH. He holds a Bachelor of Arts degree in Sociology and Anthropology from Tel Aviv University, and a Master of Business Administration from IMHI, a joint program of Cornell School of Hotel Administration and ESSEC Business School.

Steve Rushmore, president and founder of HVS International, says, "We are delighted that Philippe has joined our firm, enabling us to strengthen our Madrid office with his hotel development and investment skills, from where he and his team provide specialist hotel advice to banks, hotel companies and investors throughout the Iberian peninsula."

HVS International is a global consulting and services organization focused on the hotel, restaurant, timeshare, gaming, and leisure industries. Established in 1980, HVS performs more than 1,500 assignments per year for virtually every major industry participant. HVS International is client driven, entrepreneurial and dedicated to providing the best advice and services in a timely and cost efficient manner.

Philippe Bijaoui can be contacted at pbijaoui@hvsinternational.com. HVS Madrid is located at Calle Capitan Haya 1, Planta 15, Madrid 28020; phone: +34 91 412 60 37; fax: +34 91 556 2880.

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