ISABELLE CLAVER
DIRECTOR
PWC HOSPITALITY & LEISURE CONSULTING GROUP

Ms. Claver is a director in the Hospitality & Leisure Consulting Group of PwC based in Miami, Florida. Prior to joining PwC, Ms. Claver worked in luxury hotels in various operational roles in Europe, Asia and the United States. Today, she directs the day-to-day operations of the Hospitality & Leisure practice in Miami.

Since joining PricewaterhouseCoopers L.L.P. over 15 years ago, Ms. Claver has worked on a multitude of engagements for clients ranging from financial institutions and developers to governmental agencies. She is a specialist in the mixed-use resort development sector with expertise in fractional ownership, resort residential development, condominium-hotel projects and recreational facilities such as golf courses and marinas.

Over the past several years, Ms. Claver has focused on assisting clients with distressed properties ranging from resorts in the Caribbean to condominium-hotel projects throughout South Florida. She has also been actively involved in a number of litigation support engagements related to landmark cases involving disputes between hotel owners and hotel companies. She has also testified in Federal Court and in arbitration hearings as an expert witness on hospitality related issues.

Ms. Claver is an active member of the Cornell Hotel Society, South Florida Chapter and Urban Land Institute. She is often asked to speak at industry conferences on topics ranging from management contracts to investment in the hotel industry throughout the Americas. Ms. Claver speaks three languages fluently and has developed a keen cross-cultural understanding having lived in eight countries throughout Africa, Asia, Europe and North America.

Andrew Lance is a partner in Gibson, Dunn & Crutcher's Real Estate Practice Group and Global Finance Practice Group. He is resident in the New York office, where he is also Co-Partner in Charge of the office As Co-Head of the firm's Hotel and Hospitality Practice, Mr. Lance leads the firm's representation of clients in some of the most visible and challenging hotel, resort and branded luxury residence transactions globally. Mr. Lance's practice includes representation of management companies ranging from start-up boutique brand operators to the world' largest managers, and of real estate private equity, sovereign wealth, institutional and high net worth individual developers and owners of hotels and resorts globally in asset and joint venture transactions, including ground-up construction and branded residences. Mr. Lance also represents lenders in origination and restructuring of complex mortgage, mezzanine and debt structures, including in particular expertise with cash management and anti-money laundering practices, and during the financial crisis Mr. Lance restructured dozens of hotel and resort properties including development of the first major hotel A/B Note restructuring. He handles acquisitions and sales, construction and financing of hotels, resorts and hotel management agreements across North America, in Mexico, Brazil and the Caribbean, and in Europe and the MENA region, including the recent refinancing and franchising of the Atlantis Resort in Nassau, The Bahamas. Mr. Lance is a member of the American College of Real Estate Lawyers and a fellow of the American College of Mortgage Attorneys, is ranked by Chambers as a leading real estate lawyer, and has been an Adjunct Professor at New York Law School since 1985, teaching Commercial Real Estate Leasing and Land Transfer and Finance, a Visiting Lecturer at Yale Law School, and a lecturer at the New York University Schack Institute of Real Estate teaching Real Estate Finance and Investment Analysis. He also is a frequent lecturer at programs of the Practicing Law Institute, the New York State Bar Association, the International Council of Shopping Centers, and IMN Conferences. Mr. Lance earned his J.D. in 1983 from Yale Law School, where he was a member of the Yale Law Journal. He earned a Bachelor of Arts cum laude in 1980 from Princeton University and attended the University of Paris.