Horwath HTL Opens Swiss Office

May 14th, 2010

Horwath HTL, the world�s largest Hospitality consulting firm, announced today the opening of a new office in Zug, Switzerland. The new office has been opened in co-operation with the local Crowe Horwath International accounting firms, Curator Horwath, Alfa Horwath�and Berney Horwath, and will be led by Heinz Wehrle.

Heinz Wehrle, a seasoned expert who has more than 30 years of experience in the Hotel Tourism and Leisure markets, is Managing Partner. Heinz, who was previously a senior consultant with the Horwath HTL Austria office, will be joined by Michaela Wehrle, CFO, senior consultant Irina Kulagin, financial consultant Peter Wiget and consultant and market analyst Anna Brunaeur.

The new firm will focus on creating business recovery products for the industry that will help owners and operators negotiate the difficult conditions created by the financial recession, as well as providing feasibility studies, market valuations and business support services.

Heinz Wehrle said �The proposition we are offering to the market is unique amongst consulting firms as we are providing a one stop shop for business recovery. Our partnership with the local accounting firm enables us to provide a full range of financial and recovery services to the industry. Owners and operators know that they will be receiving expert advice across all of the most important financial and operational areas.�

The office is the 19th in the European operation of Horwath HTL, and joins the recently opened Cyprus office in the new additions to the HTL network in 2010.

Michael O�Hare, who sits on the management board of Horwath HTL said �We are delighted to have an office in Switzerland and to be working with Heinz. Switzerland is an important hotel market and Heinz is someone with the experience, reputation and expertise that the Horwath name demands. The new office will be a tremendous asset to the organization.�

About Horwath HTL

Horwath HTL (Hotels Tourism and Leisure) is one of the world�s pre-eminent consulting specialists in the hotel, tourism and leisure industries, providing unequalled experience and expertise for client projects around the world through a combination of detailed local knowledge and international understanding. Horwath HTL is currently the world's largest consulting organization specialized in hospitality, with 50 offices in 39 countries.

Horwath HTL is a member of Crowe Horwath International, a professional association of accounting and management consulting firms founded in New York in 1915. Crowe Horwath International is currently ranked among the top ten international professional service groups with offices in close to 400 cities in 88 countries.

If you have any questions, please contact James Chappell, Global Marketing Director at jchappell@horwathhtl.com or Heinz Wehrle on hwehrle@horwathhtl.com.