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HVS's Timeshare Consulting Services To Be Renamed To Reflect More Global Approach To This Sector

"Shared Ownership Services" Provides Specialists in Mixed Use Developments, Vacation Ownership, Residence Clubs And Condo-Hotels Worldwide New London Presence For This Service Catering to Interests Throughout Europe, the Middle East, Africa & Asia

Steve Rushmore, President and Founder of HVS International, and Kathleen Conroy, President of HVS's Timeshare Consulting Services Division, have announced the renaming and continued expansion of this practice in order to better service clients in North and South America and the Caribbean.

"HVS Shared Ownership Services – Specialists in Mixed Use Developments, Vacation Ownership, Residence Clubs and Condo-Hotels" – also has a new presence in the London office of HVS International, with the addition of Philip Bacon, who will be spearheading the business in Europe, Africa, the Middle East and Asia.

"While the Division began by providing services to the timeshare industry, over the past six years, our consulting services continued to expand by serving the fractional/private residence club industry and the condominium hotel market," explains Conroy. "The addition of Mark Earle in 2003, as the Managing Director of the Division's Resort Development Services group, allowed us to further assist our clients by securing branding and marketing alliances on their behalf, and by providing various pre-construction development and acquisition services."

"We are pleased to offer a wide range of consulting and business development services for parties interested in the booming markets throughout Europe and the developing areas of Africa, Asia and the Middle East," says Bacon, "building on the increasing interest in these services which has emerged in recent years."

"Many in our industry believe that the potential in Europe, the Middle East and Africa (EMEA) for shared ownership of vacation homes remains unrealized," continues Bacon, who has been named Managing Director EMEA & Asia for HVS Shared Ownership Services. "Moreover, we are now seeing this opportunity in the growing economies of China and the rest of Asia."

Fluent in Spanish, Bacon brings more than 20 years of experience in general management and professional business advisory services. Since 2002, Bacon has served as an independent consultant providing market research, feasibility studies, investment analysis, product development and project management to both new entrants and existing shared ownership companies throughout Europe. Prior to that, Bacon held a number of senior management positions focused on Business & Product Development with RCI, the world's largest timeshare exchange company and a subsidiary of Cendant, including responsibility for the creation of RCI Consulting Europe.

Before joining RCI in 1996, Bacon served as CFO for two leisure real estate companies in Spain after spending 10 years with Price Waterhouse in London and Barcelona. Bacon is also the Chairman of the Accounting Standards Working Party of the Organization for Timeshare in Europe (OTE). The Working Party has recently published a Statement of Recommended Practice as part of the development of a Uniform System of Accounting for the Timeshare Industry in Europe.

Established in 1980, HVS International's experts literally wrote the book on how to value hotels, timeshares, restaurants and more. Hotel owners, operators, lenders, banks, and management companies all turn to HVS as the respected authority on hospitality. We possess detailed knowledge and experience in the markets where we have a presence and regions in between. Whatever the real estate or consulting need, HVS associates possess experience in a wide range of hospitality and operational disciplines. Our entrepreneurial mindset and company-wide philosophy allows us to think as if we were owners and operators ourselves. We know this best suits our clients' needs.

For more information, please contact:

Kathleen Conroy
kconroy@hvsinternational.com
+1 305 378 0404 ext. 1011

Philip Bacon
pbacon@hvsinternational.com
+44 20 7878 7745