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
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
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