News in brief: Centara, Intrawest, Summit

Centara to expand in Sri Lanka:  Centara Hotels & Resorts announced that it signed a management agreement with Softlogic Leisure to open the 165-room Centara Ceysands Resort & Spa Sri Lanka.


Summit buys San Francisco hotel:  Summit Hotel Properties bought the 101-room Four Points by Sheraton San Francisco Airport for US$21.3 million.

Read more at BusinessWire


Intrawest raises $188 million with IPO:  Intrawest Resorts Holdings raised US$188 million in its initial public offering.

Read more at Reuters


Caesars to open boutique hotel on Vegas Strip:  Caesars Entertainment Corp. will open the hotel property on the corner of Las Vegas Boulevard and Flamingo Road as the 188-room The Cromwell.

Read more at Fox 5 Vegas


Golden Tulip to expand in MENA:  Groupe du Louvre announced that over the past month it signed deals for six hotels in United Arab Emirates, Saudi Arabia and Tunisia under its Golden Tulip Hotels, Suites & Resorts brand.

Read more at Arabian Business


Cornell study shows loyalty programs’ increase revenues:  A study from Cornell University shows found that frequent guests became even more frequent after they joined the program, and the result was a 50% increase in revenue compared to those who did not join the program.