News in brief: Nippon, Ascend, TripAdvisor

Japanese REITs merge:  Nippon Hotel Fund Investment Corp. and Japan Hotel & Resorts Inc. are merging in a US$224 million deal.

Read more at Bloomberg


Ascend membership up:  Choice Hotels International Inc. announced on Wednesday that membership in its Ascend Collection increased 35% in 2011.


TripAdvisor spun off:  Expedia Inc. spun off TripAdvisor as a publicly held company on Wednesday.

Read more at The Financial Times


Israeli ADR to tank:  The chairwoman of the Israel Hotel Managers Association said ADR at Israeli hotels could be down 16% year-on-year this winter.

Read more at Globes


Doral auction set:  A U.S. bankruptcy court has set the auction of Doral Golf Resort & Spa for February 27 with a Donald Trump-controlled company set as the staking-horse bidder.

Read more at the South Florida Business Journal


Windsor joins Preferred:  Windsor Court Hotel, located in New Orleans, has joined Preferred Hotels & Resorts.