HVS International and INVESCO Real Estate Advisers have joined forces to create a specialist financing advisory unit for European hotels. Known as European Hotel Financing Services (EHFS), this alliance is the first in Europe dedicated to raising finance for hotels. The service is aimed at hotel owners, investors and developers seeking to finance both individual hotels and portfolios of hotels. The alliance will act on their behalf to secure the optimal financing solution for any given situation. The service brings together the specialist expertise of HVS International and INVESCO Real Estate Advisers to provide a true one-stop shop for arranging hotel financing . HVS International is recognised as a leading global hotel consulting firm. INVESCO Real Estate Advisers is a real estate fund manager, which also provides independent, corporate finance and real estate finance advice to the hotel, leisure and real estate sector. The venture will be spearheaded on the HVS side by Charles Human, Managing Director of HVS Investment Services, and on the INVESCO Real Estate Advisers’ side by Dennis Twining and Jochen Schaefer-Suren. Charles has been at HVS for nine years, prior to which he was an Associate Director at DTZ. Both Dennis and Jochen were formerly at Lazard, where Dennis established the general real estate group within corporate finance with Jochen focusing on the hotel sector. In his previous career Jochen held senior positions in hotel development with Meridien, Hilton and Forte. INVESCO Real Estate Advisers has an exceptional track record in the arrangement of debt and equity capital for hotel, leisure and real estate projects and companies. Commenting on this strategic move, Charles Human, Director of HVS International noted “In what is a complex market, we believe that currently there are no dedicated independent hotel financing advisory alliances practicing on a pan-European basis which have both in depth hotel sector experience and a full understanding of the capital markets. By combining the unique skill sets of our firms we are able to fill this niche, and provide true added-value assistance to hotel owners in negotiating financing packages.” Dennis Twining, Director of INVESCO Real Estate Advisers added “Given our complimentary expertise, we are in a position to arrange creative financing solutions which may be new concepts to many hotel owners.” For more information please contact: Dennis Twining/Jochen Schaefer-Suren INVESCO Real Estate Advisers 10 Mount Row London W1K 3SD Tel: 44 (0)20 7543 3500 Jochen_Schaeferfirstname.lastname@example.org Dennis_Twining@ldn.invesco.com Charles Human HVS International 14 Hallam Street London W1W 6JG Tel: 44 (0)20 7878 7702 email@example.com Notes HVS International is a leading hotel advisory firm, established in 1980, which provides a comprehensive range of global services through 15 offices to owners, operators, developers and financiers of hotels. The firm has advised on over 10,000 hotels in more than 60 countries. INVESCO Real Estate Advisers, a subsidiary of AMVESCAP Plc, a FTSE - 100 fund management company with over $323 billion assets under management as at 30/9/02, is a real estate investment management firm which also provides independent corporate and real estate finance advice to the European real estate, hotel and leisure markets. Previously known as Parkes and Company the firm was acquired by INVESCO UK in 2001. The firm has arranged over €750 million of hotel, leisure and real estate senior and mezzanine debt. This document has been issued for distribution to investment professionals and should not be relied upon by other parties.