News in brief: MGM, Kerzner, Moscow

Kerkorian sells MGM shares:  Billionaire founder Kirk Kerkorian sold 20 million shares of MGM Resorts International stock on Thursday.

Read more at Bloomberg


Kerzner seeks $2.7 billion loan repayment delay:  Worldwide resort developer Kerzner International Holdings is in talks to delay the repayment of US$2.78 billion in loans due next month.

Read more at The National


Moscow adds 15 hotels to asset-sale program:  The Moscow city government added stakes in 15 hotels to its asset-sale program, including the OAO Gostinichnaya Kompaniya joint venture with U.S. billionaire Ronald Lauder.

Read more at Bloomberg


Holiday Inn Express for Rio Branco:  IHG announced on Wednesday the signing of the 110-room Holiday Inn Express Rio Branco in Brazil. The new-build is slated to open in November 2013.

Read more at IHG


Centara to manage West Sands Phuket:  Centara Hotels and Resorts confirmed on Wednesday that it signed a deal to manage the West Sands Phuket in Thailand.

Read more at The Phuket Insider


Christchurch Crowne Plaza condemned:  The owners of the Crowne Plaza Hotel in earthquake-stricken Christchurch, New Zealand confirmed on Thursday that the property, closed since Feb. 22 will be demolished due to structural damage.

Read more at The New Zealand Herald