Mr Papouchado is the founder of the Red Sea Group and has previously acted as the Chairman of its board for more than ten years. He has been involved in the construction, design, development, financing, acquisition and management of leading hotels in Israel and Europe, including Park Plaza Westminster Bridge London, Park Plaza Riverbank London (including Plaza on the River), Park Plaza Victoria London, Park Plaza Leeds, Park Plaza Nottingham, Park Plaza Victoria Amsterdam, the milestone Taba Hotel and many others.

Mr. Papouchado was involved in the development of hundreds of thousands of square metres of retail space in shopping malls and large residential projects in the United States, Eastern Europe and the Middle East. He also served as Chairman of the Israeli Hotel Association. Mr. Papouchado is Chairman of the Investment and Operational Committees.

Boris Ivesha has been the President of Park Plaza Hotels Europe since 1991. In 1972 he was appointed General Manager of the Royal Horseguards Hotel in London,a position he held until 1979, when he became a Managing Director for the Carlton Hotel in Israel.

Mr. Ivesha established the Yamit Hotel in 1984, served as the hotel’s President and brought the Park Plaza Hotels & Resorts brand to the Group in 1994 in collaboration with the Red Sea Group. Mr. Ivesha has been one of the major drivers behind the expansion of the Group’s portfolio. He sits on the Investment and Operational Committees.

Chen Moravsky was Financial Director of the Red Sea Group before joining Park Plaza Hotels Europe in 2005. Mr. Moravsky worked as an Audit Manager at Deloitte. He joined the Red Sea Group in 2001, where he gained his expertise in the hotel/leisure business and real estate investment market.

Mr. Moravsky is a Certified Public Accountant (ISR) and holds an MBA from The University of Manchester as well as a Bachelor of Business from the Tel Aviv College of Management. Chen Moravsky sits on the Investment and Operational committees.

Kevin McAuliffe has been the Chief Executive of Carey Group since 1999, prior to which he was Head of Advisory Services for Paribas International Private Banking operations. In 1994 he was appointed Chief Executive of Ansbacher, a Guernsey bank and trust company, having worked for the Ansbacher Group since 1980 during which he held the position of Finance Director as well as being a director of other banks held by the Ansbacher Group. From 1973-1980, he held posts in three different departments in the State of Guernsey. He is a Member of the Society of Trust and Estate Practitioners and a director of various companies, including U.K. Care No. 1 Limited.

Elisha Flax is a real estate entrepreneur engaged in various property activities in Eastern Europe. Mr. Flax is currently a Non-Executive Director of Delek Global Real Estate plc, an AIM-listed company. Mr. Flax was previously employed as a solicitor at the London offices of U.S. law firms Chadbourne & Parke and Akin, Gump, Strauss, Hauer & Feld and general counsel at PlaneStation Limited. Mr. Flax holds an LLB degree from Keio University in Tokyo, Japan and is a qualified solicitor in England and Wales.

Nigel Jones was the Chief Executive Officer of ComProp Limited, an AIM listed property company. Mr. Jones’s directorships include U.K. Care No. 1 Limited, Matrix Property Fund Management (Guernsey) Limited and Threadgreen Industrial Limited. In 1995, Mr. Jones founded Jones & Partners Limited. Mr. Jones has been a member of the Royal Institution of Chartered Surveyors since 1989.