Hilton expands in Morocco: Hilton Worldwide signed an agreement on Thursday with Inveravante Group to introduce two new hotels in Tangier.
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.
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.