The Company was set up and promoted by the Corinthia Group, a long-standing investor, developer and operator of upscale hotels in Europe, Africa and the Mediterranean region. Following a successful IPO in April 2000, the Company's shares were listed on the Malta Stock Exchange.

The principal objective of the company is to achieve above average long-term returns for its shareholders, principally through the long-term growth of the Company via investment in a balanced portfolio of hotel properties and hotel operations in selected emerging markets.

The strategy of the Company is to identify acquisition of properties that are under-performing due to state ownership, poor management, complex litigation and ownership issues and the need for refurbishment or additional bedrooms to add value or achieve economies of scale. In each of its acquisitions, the Company expended considerable time and effort to conclude complex negotiations, subsequently reorganize the properties' management under the Company's subsidiary hotel management company (CHI) and initiate an investment programme to upgrade the property to top five-star hotel standards.

Target acquisitions have typically involved hotels that are, or have the potential to become, the top five-star properties in their respective locations.

This strategy, is intended to provide a focus and benchmark for the creation of shareholder value and shareholder returns as the basis for business development and to adapt to and profit from, the ever-changing market conditions.

COMPANY STRUCTURE

IHI Equity Holding: 100%
Five Star Hotels is a company registered in Malta, which owns Corinthia San Gorg Hotel in Malta

IHI Equity Holding: 100%
IHI Hungary ZRT is a company registered in Hungary, which owns the Corinthia Grand Hotel Royal in Budapest

IHI Equity Holding: 100%
IHI Benelux is a company registered in the Netherlands, which acquired the Nevskij Palace Hotel in St Petersburg.
IHI St Petersburg is a wholly owned Russian company, which operates the hotel on lease from IHI Benelux.

IHI Equity Holding: 100%

IHI Lisbon is a Maltese-registered wholly owned subsidiary of IHI, and which owns 28% of the shares in Lisboa Hotel Lda, the owner of the Lisboa Hotel in Lisbon. IHI directly owns the remaining 72% in Alfa Lds

IHI Equity Holding: 100%

Corinthia Towers Tripoli Limited is a company registered in Malta which owns the Corinthia Bab Africa Hotel and Commercial Centre in Tripoli, Libya.

IHI Equity Holding: 100%

Corinthia Towers s.r.o. is a company registered in the Czech Republic which owns the Corinthia Towers Hotel in Prague, Czech Republic.

IHI Equity Holding: 70%

CHI Limited is a Malta-registered company, providing management and marketing services to hotel owners worldwide, on the basis of management agreements modelled on international standards.

IHI Equity Holding: 20%

Quality Project Management Ltd is a project and construction management company based in Malta, providing services to IHI, the Corinthia Group and several institutional investors and developers worldwide.