News in brief: Indian Hotels, Innkeepers, Expedia

Indian Hotels turns profit:  Indian Hotels Co. posted a US$1.6 million profit in the third quarter of 2011, after posting a US$1.2 million loss during the same period in 2010.

Read more at NDTV Profit


Innkeepers-Cerberus deal closed:  After a lawsuit and acrimony, the US$1 billion purchase of 64 hotels by Cerberus Capital Management and Chatham Lodging Trust from Innkeepers USA Trust finally closed on Thursday.

Read more at Bloomberg Businessweek


Expedia Inc. profit up:  Expedia Inc. reported a US$209.5 million profit in the third quarter of 2011, up from US$176.6 million during the same period in 2010.

Read a full report at Expedia Inc.


Hong Kong RevPAR strong in September:  Hong Kong hotels saw a year-on-year RevPAR increase of 28% in September, according to STR Global.


Aviawest seeks credit protection:  Aviawest Group of Companies is seeking creditor protection for C$90 million (US$90.5 million) in debt.

Read more at the Victoria Times Colonist


Full House expands in US:  Full House Resorts is partnering with Rising Sun/Ohio County First Inc. to develop a new 100-room hotel at the Rising Star Casino Resort in Rising Sun, Indiana.

Read more at MarketWatch


Interstate buys Tampa hotel:  Interstate Hotels & Resorts bought the 265-room Crowne Plaza Tampa East in Florida through a joint venture with Waramaug Hospitality and a private investment group.

Read more at the Miami Herald