Wyndham profit up in Q1: Wyndham Worldwide reported net income of US$90 million for the first quarter of 2014, compared to US$27 million for the first quarter of 2013.
Read more at Wyndham’s website
Starwood profit down in Q1: Starwood Hotels & Resorts Worldwide reported net income of US$137 million for the first quarter of 2014, compared to US$213 million for the first quarter of 2013.
Download a full PDF of the earnings report from Starwood
Savio buys Hawaii hotel: Peter Savio bought the 150-room Maui Beach Hotel for an undisclosed sum. The transaction is expected to close in June.
Read more at the Honolulu Star-Advertiser
Hilton Garden Inn to expand in Colombia: Hilton Worldwide signed a management agreement with Grupo Fawcett to open the 132-room Hilton Garden Inn Santa Marta in 2016.
Clarion, Quality to expand in China: Choice Hotels International is set to launch its first Clarion and Quality Hotels in China after signing a development agreement with Boli Hotel Management Co.
Las Vegas casino-resort to expand convention center: Mandalay Bay Resort and Casino plans to add more than 350,000 sq ft (32,516 sq m) of exhibit space to the existing 1.7 million sq ft (157,935 sq m) Mandalay Bay Convention Center.
Indian Hotels Co. to raise funds for capex: Indian Hotels Co. plans to raise Rs 1,000 crore (US$163 million) via debentures.