Asesor��a Profesional Hotelera APH S., an Ecuadorean / International hospitality
management firm - was selected and appointed to manage and operate The Hotel Quito under its
flag Compass Hotels.  Takeover activities at this historic city resort begun on January  2004.
 The Hotel Quito, an art-deco structure and the city?s only convention resort  built in the
sixties for Ecuador?s hosting of the Inter-American Convention, was opened and managed by
Hotel Corporation of America and later by Intercontinental Hotels.     Inside its 300.000
square feet of prime location, this city centre resort includes 214rooms, suites and exterior
cabanas; 4 bars and restaurants, including the famous fine cuisine  ?Techo del Mundo? 
penthouse restaurant, the city?s most spectacular swimming pool and gardens, function
facilities for up to 800 guests,  health club, business center,  wireless high speed internet
throughout the whole property, and the largest and most luxurious Casino will  open December
2005.  One of its most important assets - The view from all sides of  the Hotel Quito, is
simply sensational; it covers all of Quito?s valleys, the chain of snow capped mountains and 
volcanoes, and the entire city from north to south.   Compass Hotels will continue to make
public this grand undertaking with our markets, and is sure to keep on gaining share of the
best of tourism and business travel  to the beautiful capital of Ecuador  and its famous
Galapagos Islands.