

| Hotel Services - Croatian Privatization Fund Investors' interest in the Croatian hotel market has increased in the last years, and part of the interest has been focused on the privatization of the country's state-owned companies. Currently there are still hotel companies (as well as military properties) in the portfolio, which are of great value (mainly because of their location). The most important aspects, in order to increase the possibilities of winning a Tender (other than to offer one of the best purchase and investment quantities) are:
HMS-International provides support to companies aiming to acquire a hotel company through the Croatian Privatization Fund (CPF) by developing the following:
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