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balamidas

03/25/08 4:33 AM

#43861 RE: DEMO P2 #43853

HORWATH HOSPITALITY & LEISURE is running the HCPC show!!!HFS (hotel finacial startegies)has the GRAND SIERRA DEAL http://www.hotelfinancial.com/recent/recent.html

and HORWATH HOSPITALITY & LEISURE brings the money to HFS
hotel resort operations and

especially for that deal as HORWATH HOSPITALITY & LEISURE IS A DELAWARE CO &HCPC too!!!

READ hfs website :

HFS brings the deal in and HORWATH HOSPITALITY & LEISURE bring the financing for the different projects!!!
they are the conduit lender in the case of the GRAND SIERRA reno!!!

and from hcpc previous news they have intention to reverse merge the conduit lender so that would be

HORWATH HOSPITALITY & LEISURE !!!too obvious


GRAND SIERRA DEAL IS BEING FINANCED THROUGH HORWATH HOSPITALITY & LEISURE

HFS is only the broker for the deal