11/18/2009

British investment group the Avingstone Fund says it is working to pull together a $748 million "club" fund for luxury European hotels. The group has already raised about $464 million, and the club fund format is designed to involve investors in collective decision-making on properties, as opposed to private-equity funds, where investors are often not as involved in decision-making.

Full Story:
GlobeSt.com

Related Summaries