Jebel Ali buys Dubai hotel: Jebel Ali International Hotels has bought a 341-room, yet to be named hotel in Dubai, United Arab Emirates, for US$100 million.
Read more at Hotelier Middle East
Pride enters Kolkata: Pride Group of Hotels announced that it will open its first property in eastern India with a 153-room hotel in Kolkata.
Read more at Travel Biz Monitor
Maldives unrest hurting tourism: Political unrest in the Maldives is estimated to cost US$100 million in lost revenue, according to the Maldives Association of Tourism Industry.
Read more at Agence France-Presse
Half of Irish hotel loans non-performing: A report issued by Ireland’s central bank shows that half of loans by Irish financial institutions to hotels and restaurants are non-performing.
Read more at Bloomberg Businessweek
Kerzner capex plan delayed: Kerzner International Holdings Ltd acknowledged on Wednesday that its US$65 million capital improvement plan for its Paradise Island resorts is being delayed by its financial predicament.
Interstate to manage Streamsong: The Mosaic Co. announced that Interstate Hotels & Resorts has been chosen to manage the Streamsong Resort, a Florida resort that is under development.