W subsidiary sold: City Developments sold cashflow of W Singapore – Sentosa Cove subsidiary for US$800 million.
Read more at The Straits Times
Hyatt increases share repurchase: Hyatt Hotels Corporation authorized the repurchase of up to an additional US$400 million of the company’s common stock.
Mission Point Resort acquired: D & S North has purchased Mission Point Resort on Mackinac Island, Michigan.
Presley Enterprises applies for permit: Elvis Presley Enterprises has applied for a US$57 million building permit for its planned 450-room hotel near Graceland in Memphis.
Read more at Memphis Daily News
FibraHotel continues expansion: FibraHotel has acquired the Fiesta Inn Cuernavaca and the One Cuernavaca hotel in Mexico for Ps. $268 million (US$18 million).
Aimbridge to manage new Marriott: Aimbridge Hospitality has been awarded the management contract for the new Courtyard by Marriott in Midlothian, Texas. The 105-room hotel will open in 2015.
Marriott grows in Texas: Flower Mound, Texas’ first hotel will be Courtyard by Marriott at The River Walk at Central Park. The hotel is scheduled to open in 2016.
New Rocco Forte partnership: Infinite Luxury has partnered with Rocco Forte Hotels as its sales and marketing partner in Hong Kong and China.