FelCor sells Minnesota hotel: FelCor Lodging Trust sold the 218-room Embassy Suites Bloomington to an undisclosed buyer for US$24 million.
DePalma rebrands: Hotel management company DePalma Hotel Corp. rebranded as DePalma Hotels & Resorts.
Read more at DePalma’s website
Virgin secures majority of cruise line financing: Virgin Group said it has secured the majority of the US$1.7 billion it is seeking to launch a cruise line.