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.
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.
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.