Our Strategy

The strategic focus of the Company is as follows:

 

 

1. Focusing on operating its “select-service” hotels in the U.S. and improving its financial and operating results from these properties;

2. The Company will examine and consider certain opportunities and the possibility of selling certain assets, among others:

a) selling of seasonal resorts and resort land development, thereby reducing its exposure in volatile and seasonal assets;

b) reduce its exposure to “full service” hotels, inter alia since both full-service hotels currently owned, The Renaissance and The Hyatt Arcade are in the same city;

3. The Company will still consider the possibility of expanding its assets, in the selected service category only (depending on the interest rate and market conditions);

4. Focusing on completing the planned renovation of the Renaissance Hotel and the Courtyard by Marriott hotels that have not yet been renovated according to its commitment to Marriott;

5. Completion of the Company’s last remaining development projects; and

6. Reduction of expenses at the Company’s headquarters consistent with the near-term strategy.