News in brief: Hyatt, Luxury Collection, Bin Majid

Hyatt to expand in Spain:  Hyatt Hotels Corp. announced an affiliate entered into a management agreement with Cap Vermell Hotel Proyectos y Promociones, S.L. to open the 142-room Park Hyatt Mallorca.

Read more at Hospitality Biz India


Luxury Collection expands in Greece:  Starwood Hotels & Resorts Worldwide announced that the 102-room King George Hotel, located in Athens, is joining The Luxury Collection.

Read more at Hospitality Net


Bin Majid to expand in United Arab Emirates:  Bin Majid Hotels announced that it will open the 265-room Santorini Hotel at Marjan Island, located in Ras Al Khaimah.

Read more at AME Info


Court rejects Harlequin asset freeze:  Harlequin Hotels & Resorts, which is under scrutiny for alleged fraud in the U.K., saw a bid to freeze its assets rejected in court.

Read more at Travel Weekly


Cerberus “planning IPO” for Seibu:  Bloomberg reported according to people familiar with the matter, Cerberus Capital Management LP has hired five banks to prepare an initial public offering of Seibu Holdings on the Tokyo Stock Exchange.

Read more at Bloomberg


MGM Resorts International reveals Toronto plans:  MGM Resorts International plans last week for 1,200-room casino resort to be developed with Cadillac Fairview.

Read more at Toronto Sun