News in brief: FelCor, DePalma, Virgin

FelCor sells Minnesota hotel:  FelCor Lodging Trust sold the 218-room Embassy Suites Bloomington to an undisclosed buyer for US$24 million.

Read more at MarketWatch


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.

Read more at Gulf News