Mövenpick expands in Philippines: Mövenpick Hotels & Resorts signed a management agreement with United International Hotels Group to manage Huma Island, a private island resort in the Philippines.
London Olympics ADR doubles: New data from Hotels.com shows that ADR at London hotels for the 2014 Olympics is £213 (US$334), a full 102% higher than during the same period last year.
Ameristar buys developer: Ameristar Casinos announced on Wednesday that it bought Mojito Pointe casino-resort developer Creative Casinos of Lousiana.
Prince joins Utell: Prince Hotels and Resorts will now have full-service representation with Utell Hotels & Resorts under the UI chain code.
Singapore supply to increase 20%: According to a report by CBRE, the supply of hotel rooms in Singapore is predicted to increase by 20% by 2016.
Chatham announces dividend: Chatham Lodging Trust announced a common share dividend of US$0.175 for the 2012 first quarter.