TERMINATION  AGREEMENT,   dated  as  of  September  30,  1999,  between
         Hospitality  Worldwide  Services,  Inc.,  a New York  corporation  (the
         "Company"), and Robert Berman (the "Executive")

         The  company  and the  Executive  are  parties  to  certain  Employment
Agreement,  dated January 1, 1998,  between the Company and the  Executive  (the
"Employment Agreement").

         The parties hereby agree as follows:

         1. Effective immediately,  the Employment Agreement shall terminate and
shall be of no  further  force or  effect  for  Section  9, 10, 11 and 12 of the
Employment  Agreement that shall survive its  termination,  and the Executive is
hereby  released  from any future  obligations  under the  Employment  Agreement
except for Section 9, 10, 11 and 12.

         2. The Executive shall, without compensation, remain in his capacity as
Chairman, with such powers and authority as determined by the Company's Board of
Directors, until his successor is identified.

         3. The Executive hereby acknowledges that the Company has fulfilled all
of its obligations under the Employment Agreement and hereby released and waives
all claims against the Company, its officers, directors and affiliates under the
Employment Agreement.

         4. This  Agreement  shall be governed and construed in accordance  with
the laws of the State of New York without  regard to  principles of conflicts of
laws.

         5. This Agreement  constitutes the entire understandings of the parties
hereto and supersedes all prior agreements or understandings with respect to the
subject matter contained herein.

         6. This  Agreement may be executed in any number of  counterparts,  and
each such counterpart hereof shall be deemed to be an original  instrument,  but
all such counterparts together shall constitute but one agreement.






         IN WITNESS WHEREOF,  the parties hereto have executed this Agreement as
of the date first above.

                                            HOSPITALITY WORLDWIDE SERVICES, INC.


                                            By /s/ Douglas Parker
                                               ---------------------------------
                                                 Name:  Douglas Parker
                                                 Title:  President



                                            /s/ Robert Berman
                                            ------------------------------------
                                            Robert Berman




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