News in brief: Michels rumor, Rotorua, Rotana

Pinnacle closes $95 million Vietnam deal:  Pinnacle Entertainment Inc. announced on Tuesday that it closed a US$95 million deal to join the Ho Tram Strip resort development project in Vietnam.

Read more at PR Newswire


Sir David Michels for Thomas Cook?:  Sky News reported Sir David Michels is one of two candidates for the chairmanship of tour operator Thomas Cook.

Read more at Sky News


Big sale in Rotorua:  The sale of the Novotel Lakeside and Ibis hotels in Rotorua, New Zealand for US$35 million was revealed on Tuesday. The buyer has not been disclosed.

Read more at The Daily Post


Shuaa putting hotel in Jeddah:  Shuaa Capital has bought real estate in Jeddah, Saudi Arabia to build a US$43 million budget hotel. The hotel will be managed by Rotana.

Read more at Bloomberg


Resort for Port Hedland:  A US$51 million resort development in Port Hedland, Australia, was announced on Tuesday. Construction is expected to start in 2012.

Read more at WAtoday