Kempinski to reenter Latin America: Kempinski Hotels announced that it will reenter Latin America with the opening of a 106-room resort in Colón Province, Panama, in 2015.
Auckland hotel reflags: A former Westin hotel in Auckland’s Lighter Quay rebranded on Monday as Sofitel Auckland Viaduct Harbour.
Mandarin Oriental NYC close to refinancing: Istithmar World is reportedly close to refinancing the Mandarin Oriental Hotel New York City with the Bank of China.
Philippines expects $7 billion: The Philippines government said that in addition to the US$5 billion investment in casino-resort projects already committed, that it expects an additional US$2 billion to be invested in Manila lodging-gaming developments.
Cap Juluca to be sold: The greater part of the real estate comprising the Cap Juluca resort, located in Anguilla, is to be sold via auction.
Baha Mar 25% complete: The US$3.5 billion Baha Mar project announced that one year into its construction, it is now 25% complete. The property is set to open in 2014.