The Global Hospitality Recovery Fund, which was launched by Waldeck Capital in March to acquire luxury hotels, has appointed Lord Anthony St John to the role of non-executive chairman. Waldeck had originally sought to raise EUR 500 mln in equity for the fund but it has since decided to increase its fundraising target to EUR 1 bn.
Swiss real estate group Investis has boosted its real estate holdings with the CHF 139 mln (€149 mln) purchase of prime residential properties in Vaud canton.
