DB Hospitality selling stake: Indian hotel property developer DB Hospitality is selling a 1,000 crore (US$203 million) stake to fund new hotel projects.
Gaylord blasts market report: Colin Reed, Gaylord Entertainment Co. CEO and chairman lambasted a recently released Denver hotel market report that predicts that his company’s proposed Aurora, Colorado hotel would drain US$186 million.
Reputation insurance for hotels: Willis Group Holdings in conjunction with Lloyd’s of London underwriter Kiln is offering a Hotel Reputation Protection 2.0 policy to respond to incidence of adverse publicity through traditional and online media.
North America set for rate increases for 2012: American Express Business Travel is projecting that North American hotel rates will increase 1.5% to 6.5% year-on-year in 2012.
Massachusetts approves casino expansion: The Massachusetts state senate passed a bill legalizing casino gambling, which the governor is expected to sign.