Kerkorian to increase MGM stake: Kirk Kerkorian’s Tracinda Corp. said it plans to increase its stake in MGM Resorts International to as much as 25%.
Home Inns & Hotels Management posts loss for 2012: Home Inns & Hotels Management reported a net loss of 26.8 million yuan (US$4.3 million) for 2012, down from a 351 million yuan (US$56 million) profit in 2011.
Read more at Home Inn Group’s website
Las Brisas expands in Mexico: Las Brisas Hotel Collection is announced the addition of three hotels to its portfolio, including the 274-room NIZUC Resort & Spa, located in Cancún, the 150-room Galeria Plaza San Jerónimo, located in Mexico City and and the 112-room Sunrock Hotel & Residences Los Cabos.
Brazilians seek 2-bedroom time-share units in northeast: A study by Interval International on the Brazilian time-share market found that 44% of Brazilians most prefer a two-bedroom unit, while 57% desire to the northeastern part of the country.