McSam sells NYC site for hotel: McSam Hotel Group has sold a vacant lot at 50 Trinity Place in New York City for US$15 million. A hotel will be built on the site.
Leading Hotels of the World sales up in 2011: The Leading Hotels of the World, Ltd. reported a 13% year-on-year increase in sales in 2011 to US$614 million.
Cassa Hotel purchase price revealed: Assa Properties revealed on Thursday that it sold the Cassa Hotel and Residences, located in New York City, to HNA Group for US$130 million.
Summit expands in Alabama: Summit Hotels Properties bought 130-room Hilton Garden Inn, located Birmingham, Alabama for US$11.9 million.
Consumers to travel more: A annual report from Travelocity shows that 53% of consumers plan to travel more in 2012 than, an 18% year-on-year increase.
RCI launches website: Vacation exchange company RCI announced on Friday the launch of website RCIMarketplace.com.