News in brief: Katara, Continent, Millennium & Copthorne

Katara buys 2 Qatar properties:  Katara Hospitality bought the Barwa Al Sadd Hotel and Somerset West Bay Serviced Residencies, both located in Doha, from Barwa Real Estate Co. for

Read more at Gulf Times


Continent buys Ramses Progressio Planungs:  Continent Hotels & Resorts announced it will acquire Ramses Progressio Planungs to develop new two franchise brands named Urban Hotel Collection and Swiss Inns.

Read more at Travel Daily News


Millennium & Copthorne expands in Georgia:  Millennium & Copthorne Hotels signed an agreement with Dhabi Group to manage a 220-room hotel in Tbilisi, to open in mid-2014.


IHG out of Uzbekistan:  IHG has ceased management of the InterContinental Tashkent, which will now be called the InContinental Tashkent Hotel.

Read more at Trend News Agency


Bloomberry raises $20 mln:  Bloomberry Resorts Corp. raised 885 million Filipino pesos (US$20 million) in an equity offering

Read more at Business Mirror


Resort owner accused of Ponzi scheme:  Canadian resort owner Derek Elliott, who owned the Sun Village Resort & Spa in Dominican Republic, has been accused by the SEC of running a Ponzi scheme.

Read more at The Globe and Mail