News in brief: AMResorts, IHG, Chesapeake

AMResorts expands in Mexico:  AMResorts will assume sales, marketing and management duties of the Sabor Cozumel Resort & Spa, Sabor Cozumel Exclusive Resort & Spa, Aura Cozumel Grand and Regency. Sabor Cozumel Exclusive Resort & Spa and Aura Cozumel Grand will be combined to become Secrets Aura Cozumel

Read more at AMResorts


IHG announces dividend, share buyback:  IHG announced that it will return US$1 billion to shareholders via a US$500 million dividend and a US$500 million share buyback program.

Read more at 4-traders


Chesapeake raises capital:  Chesapeake Lodging Trust announced a public offering of 6.5 million shares to raise US$115.2 million.

Read more Benzinga


Kempinski Palace for sale:  The 183-room Kempinski Palace Hotel, located in Portoroz, Slovenia, is for sale.


Orient-Express refinances Sicilian properties:  Orient-Express Hotels announced that a €35 million (US$45 million) refinancing of Grand Hotel Timeo and Villa Sant’Andrea Hotel, both located in Taormina, Italy.



Greece identifies 40 islands to lease:  Greece’s Hellenic Republic Asset Development Fund has identified 40 uninhabited islands that could be leased for resort development to help the country reduce its debt.

Read more at Gulf News