Crowne Plaza to expand in Spain: IHG signed a franchise agreement with Hotel Fira to open the 276-room Crowne Plaza Barcelona Fira Center in the first quarter of this year.
Z Resorts to expand in Houston: Z Resorts will manage a second Hotel ZaZa being developed by MetroNational Corp. in the Memorial City neighborhood.
Read more at the Houston Business Journal
Cachet buys Shanghai hotel: Cachet Hotel Group bought the 26-room URBN Hotel for an undisclosed sum for an all-cash buyout.
UNWTO data shows tourism up in 2013: International tourist arrivals grew by 5% year-on-year in 2013, reaching a record 1.087 billion arrivals, according to the latest UNWTO World Tourism Barometer.
Geller-led venture buys Chicago building: A venture led by Laurence Geller has agreed to buy a 20-story building at 101 E. Erie St. Whether the building will be converted into a hotel has not been announced.
Read more at Chicago Real Estate Daily