BHG buys Hotel Rio Palace: The sale of Hotel Rio Palace, managed by Sofitel in Rio de Janeiro, to Brazil Hospitality Group was approved by regulators this week.
InterContinental Miami debt restructured: Strategic Hotels & Resorts, a REIT, closed an US$85 million loan for its InterContinental Miami hotel.
Big renovation for Grand Hyatt San Fran: The Grand Hyatt San Francisco announced this week that it will undergo a US$70 million renovation to be complete in the fall of 2012.
Tioga Downs adding hotel: New York’s Tioga Downs Casino broke ground on a US$44 million expansion this week that will add a hotel and convention center to the property.
W Austin reopening with safe glass: After its falling glass made headlines, the W Austin Hotel and Residences is set to reopen with a more safe glass wall installed.