Hilton expands in Morocco: Hilton Worldwide signed an agreement on Thursday with Inveravante Group to introduce two new hotels in Tangier.
Read more at the Hilton Worldwide Global Media Center
Protea to expand in Ghana: International Finance Corp. is providing a US$5.45 million loan to Alliance Estates Ltd. to build a Protea hotel in Takoradi.
Read more at Ghana Broadcasting Corp.
Sonesta expands in Michigan: Sonesta International Hotels Corp. announced on Thursday that it will take over management of the Staybridge Suites Auburn Hills in August. The hotel will be rebranded as the 118-room Sonesta ES Suites Auburn Hills.
Strategic announces dividend payment: Strategic Hotels & Resorts announced the payment of previously declared 14 quarters of preferred dividends.
Marriott Vacations Worldwide securitizes loan pool: Marriott Vacations Worldwide announced on Thursday that it completed the securitization involving the transfer of a pool of US$250 million in vacation ownership loans.