Vector Hospitality, the £2.75bn hotel REIT that is due to be launched by Richard Balfour-Lynn, is to name a board that wiill include Manish Chande. The Times

Chande will be named this week as a non-executive director.

JJ McNeil, former head of European investment banking at Citigroup, will also join the board, under Vector’s chairman, Simon Duffy, the former boss of NTL.

The principal director is Balfour-Lynn. The other directors are Sir David Michels, until recently chief executive of Hilton Group, and former the ITV and Granada finance director Henry Staunton.