Innkeepers bankruptcy trial delayed: The trial that will decide the legality of Cerberus Capital Management and Chatham Lodging Trust’s decision to scuttle a US$1.1 billion purchase of Innkeepers USA Trust properties has been delayed until October 20 as negotiations between the parties continue.
Host reduces loss in 3Q: Host Hotels & Resorts posted a US$35 million loss for its third quarter results, down from a US$61 million loss during the same period in 2010.
MGM Grand starts $160 million renovation: MGM Grand Las Vegas is embarking on a US$160 million renovation that includes all 4,212 guestrooms.
See the redesign at PR Newswire
Marriott brand for new Philly hotel: The developer of a new hotel project in Philadelphia’s Navy Yard waterfront area announced on Wednesday that the hotel will be branded as a Marriott.
Read more at The Philadelphia Inquirer
Accor boasts Asia growth: Accor announced on Wednesday that it opened over 60 new hotels and signed 100 new hotel contracts in the Asia Pacific region this year and currently boasts its strongest ever pipeline with over 200 hotels committed to Asia Pacific.