News in brief: IHG, Z Resorts, Cachet

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