Great Wolf deems KSL offer superior: The board of Great Wolf Resorts deemed a US$7 per share buyout offer from KSL Capital Partners superior to that from Apollo Global Management, giving Apollo three days to best the offer.
GHM provides financial records: General Hotel Management provides financial data which it says proves it was not mismanaging The Setai South Beach, located in Miami Beach, Florida.
Read more at The Sacramento Bee
NYC hotel renovates, rebrands: Hotel Roger Williams will undergo a US$10 million renovation and rebrand as Roger.
Read more at Crain’s New York Business
Domb developing Bronx lifestyle hotel: Jay Domb is spending US$10 million renovating the Old Bronx Opera House in New York City into a 61-room Bronx Opera House Hotel.
Marriott to expand in Korea: A JW Marriott is set to open in 2013 in northern Seoul, South Korea.
Accor Dubai RevPAR up: Accor reported that RevPAR at its 14 hotels in Dubai was up 25% year-on-year in the first quarter.
Felda Travel to expand in hotels: Felda Travel said it wants to expand into the hotel business and become a top player in the Malaysian hotel market.