• The company's international expansion strategy is purchasing hotels in major cities in Western Europe and NY City
• Preferred locations include cities with strong hotel rooms' demand market with further upside potential, both in terms of ARR and % Occupancy

The key criteria are as follows:

• Major European cities with strong tourism demand
• Landmark buildings situated in prime positions
• Focus only on luxury 5 star hotels category
• Each hotel branded independently and managed by Alrov Management Company
• Focus on top quality environment and service to ensure unrivalled guest experience
• Establish a recognized and professional team of both real estate development and hotel management

Opportunities Include:

• Properties with more than 100 rooms
  • Existing hotels
  • Hotels conversion projects
  • Prime sites
• Residential components is a plus