News in brief: Disney, General Hotels, Solaire Manila

Disney to buy billions worth of own stock:  Walt Disney Co. announced plans to buy US$6 billion to US$8 billion of its own stock starting in 2014.

Read more at Bloomberg Businessweek


General Hotels to expand in Indiana:  General Hotels Corp. signed a deal with The Arc of Indiana to manage a 150-room hotel under development in Muncie.

Read more at the Muncie Free Press


Bloomberry terminates Solaire management deal:  Bloomberry Resorts Corp. terminated the management agreement for Solaire Manila Resorts & Casino with Global Gaming Philippines.

Read more at ABS-CBN


8 hotels sue to rescind Colorado hotel development’s tax incentives:  Eight hotels including The Broadmoor are suing the Colorado Economic Development Commission to block US$81.4 million in tax incentives for the development of the 1,500 Gaylord Aurora.

Read more at The Gazette