We have been associated with TTWWH for the past 6 years. This company manages our USA holdings. The acquisition, renovation and operational results have been excellent. Mr. Hirschovits has appreciated the value of our holdings in a very short period of time. TTWWH has increased our cash flow by 20% and 35% respectively in three years at our U.S. properties. The company implements great sales, marketing and business strategies; strict accounting and financial controls which obviously have been successful. Due to this excellent relations with Intercontinental Hotels Group in Atlanta, he helped us secure the Holiday Inn and Crowne Plaza flags for our German hotels.