Waldhaus Flims Alpine Grand Hotel & Spa Appoints Burkhard Wolter as General Manager

USA, New York City, New York. June 12, 2018

The Waldhaus Flims Alpine Grand Hotel & Spa (“Waldhaus Flims”) has announced the appointment of Burkhard Wolter as General Manager,
effective immediately.

Mr. Wolter brings more than 22 years of management experience at
leading hotel properties across Europe, the Middle East and Asia to the
Waldhaus Flims. Most recently, he served as the General Manager of The
Oberoi Beach Resort, Al Zorah, a five-star luxury hotel and resort in
Ajman, UAE, where he oversaw the property's opening and managed a team
of 170 employees. Prior to that, he served as the General Manager at
several properties managed by Kempinski Hotels & Resorts, where he
established a focus on personalized customer service and operational
excellence at each hotel. He also served in leadership roles at other
well-regarded hospitality groups, including Shangri-La Hotels &
Resorts, Four Seasons Hotels & Resorts and Almyra.

Since acquiring the Waldhaus Flims in December 2015, Z Capital Group,
L.L.C. (“Z Capital”) embarked on a major renovation to restore its
five-star rating. Since 2016, state-of-the-art technology has been
implemented throughout the resort. The main lobby was remodeled and the
renowned Waldhaus Spa was updated with world-class treatment centers and
fitness facilities. Additionally, each of the resort's four
restaurants, as well as the rooms and suites in the Grand Hotel and
Villa Silvana, were renovated to provide a more contemporary look and
feel.

“Burkhard is an accomplished veteran of five-star hospitality
destinations around the world, and I am confident that he will be a
great addition to the Waldhaus Flims,” said James Zenni, President and
Chief Executive Officer of Z Capital Group. “The Alps have long been the
premiere destination for luxury accommodation, and the Waldhaus Flims
continues to be the preeminent hotel and resort in the region for guests
from around the world.”

“The Waldhaus Flims is a one-of-a-kind resort, and I look forward to working closely with the Z Capital team to capitalize on new and original ways to provide our guests with first-class service and an incomparable experience,” said Mr. Wolter.

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