News in brief: Hotel Rio Palace, Tioga Downs, Grand Hyatt

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.

Read more at PR Newswire



InterContinental Miami debt restructured:   Strategic Hotels & Resorts, a REIT, closed an US$85 million loan for its InterContinental Miami hotel.

Read more at Forbes



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.

Read more at SFGate



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.

Read more at Morning Times



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.

Read more at the Austin American-Statesman