Rocky Mountain Hot Springs, Alberta and British Columbia, Canada:

- CPS owns commercial hot springs operations in Alberta's Banff and Jasper National Parks and Kootenay National Park (British Columbia). These are all located in Canada's Rocky Mountain region. The hot springs are Crown assets, managed by the Government of Canada and open to the public year round on a nominal user fee paying basis.

Responsibilities

• Analysis of historical and current financial performance
  
• Analysis of operating management organization and compatibility with performance aspirations
  
• Business valuations of the three hot springs operations
  
• Development of alternative forms of ownership and management designed to minimise future expenditures of public monies
  
• Development of alternative debt/equity and income sharing arrangements
  
• Development of pro formas of future revenue and expense for each alternative ownership scenario
  
• Recommendations of preferred ownership/management and income sharing "in the best interests of the Crown"
  

SMALL HOTELS REHABILITATION ASSISTANCE PROGRAMME

Barbados, West Indies

- The Barbados Development Bank had 11 small hotels on which loans were about to be called for continued non-performance.

Responsibilities (in conjunction with the ARA Consulting Group)

• Business valuations of the 11 non-performing hotel portfolio
  
• Development of a 'work out' strategy
  
• Recommendations on alternative ownership and management, financing, marketing and business strategy for long term financial sustainability
  

CARIBBEAN EXPERIENCES - A COLLECTION OF DISTINCTIVE, CARIBBEAN SMALL HOTELS

A several years' joint project of the Organization of American States (OAS9 and US Aid). Caribbean experiences is a new regional brand for independent caribbean small hotels. For purposes of the project and brand membership, "small hotels" are generally defined as having less than 75 rooms/units, not positioned to the luxury segment, not chain affiliated and locally owned and managed.

Responsibilities

• Our role was to assist conceive the brand and determine its marketability, develop comprehensive business and market plans including budgets, conduct "brand tests" throughout the region and be actively involved in the start-up and launch phases of this new business initiative.
• Scheduled to be launched in late 2003, we continue to work with the OAS and US Aid refining business planning and financing matters as well as preparing for the brand launch which includes executive search matters for the opening operating management team.