News in brief: Far East, Rezidor, Lalit Suri

Far East appoints hospitality CEO:  Far East Organization has appointed Arthur Kiong as executive director and CEO of its Hospitality Business Group.

Read more at Asia Travel Tips


Rezidor narrows loss:  The Rezidor Hotel Group reported a loss of €7.9 million (US$9.6 million) in the first half of 2012, down from a loss of €12.7 million (US$15.4 million) during the first half of 2011.

Read more at Yahoo Finance


Lalit Suri expands in London:  The Lalit Suri Hospitality Group bought the St. Olave’s building in London, which currently houses a grammar school, for £15 million (US$23 million) and will invest about £12 million (US$18 million) to convert it into a 70-room lifestyle hotel

Read more at The Economic Times


Sarovar expands in Kenya:  Sarovar Hotels & Resorts announced that it signed a management deal for Heron Portico, a 108-room hotel in Nairobi.

Read more at The Hindu Business Line


Hostmark expands in Michigan:  Hostmark Hospitality Group announced that it took over management of three hotels located in Adrian, Michigan — the Carlton Lodge, Super 8 Adrian and Holiday Inn Express Adrian.

Read more at The Daily Telegram