Radisson Blu to enter Guinea: The Rezidor Hotel Group announced that it will open the 249-room Radisson Blu Hotel Conakry in Guinea in 2014.
Aston expands in Indonesia: Aston International announced two new developments in Indonesia — the 173-room Aston Paramount Malang and the 160-room Aston Serang, both to open in 2013.
Gomes dies: Dennis Gomes, co-owner of Resorts Casino Hotel in Atlantic City and a former mob-busting prosecutor in Las Vegas, died on Friday at age 68.
Read more at the San Francisco Chronicle
MGM loans extended: MGM Resorts International reported that lenders have agreed to extend 62% of its US$3.5 billion in debt.
Read more at Bloomberg Businessweek
von Essen hotel sold: The Seaham Hall Hotel sold for £5 million (US$7.9 million).
Orient-Express narrows loss: Orient-Express Hotels reported a US$9.1 million loss for the fourth quarter in 2011, up from a US$15.3 million loss during the same period in 2010.
Hersha loss narrows: Hersha Hospitality Trust reported a US$2.8 million loss in the fourth quarter of 2011, up from a US$8.8 million loss during the same period in 2010.
Pegasus sees rates increase: Following a record increase over 2010 in December 2011, January 2012 saw business rates grow +3.8% and leisure rates rise +7.0% over January 2011, according to Pegasus Solutions.