IHG to expand in Thailand: IHG announced on Wednesday that it signed an agreement with JTM to open the 240-room InterContinental Phuket Rawai Beach Resort in 2014.
Sheraton to expand in Brazil: Starwood Hotels & Resorts Worldwide announced that it will open the 284-room Sheraton da Bahia Hotel hotel in 2013, to be operated by GJP Hotéis & Resorts under a franchise agreement.
Driftwood buys Florida hotel: Driftwood Hospitality Management announced on Wednesday that it bought the 521-room Hyatt Regency Tampa.
Vail closes purchase of 2 US ski resorts: Vail Resorts completed its US$20 million purchase of Afton Alps in Minnesota and Mount Brighton in Michigan.
Read more at the Denver Business Journal
Australian resort development approved: Australia’s federal government approved the development of a US$1.4 billion resort near Innisfail. The resort is expected to take 15 years to build.
Orient-Express announces 2 hotel renovations: Orient-Express Hotels announced that the Grand Hotel Europe, located in St. Petersburg, Russia, and the Charleston Place, located in Charleston, South Carolina, will undergo renovations.