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