Rezidor expands in Scotland: Rezidor Hotel Group announced that the 91-room Park Inn by Radisson Glasgow City Centre, located in Glasgow, Scotland, will open in the first quarter of 2013.
Lowe-Oaktree JV buys Washington resort: Lowe Enterprises and Oaktree Capital Management formed a joint venture to buy the 254-room Suncadia Resort, located in Roslyn, Washington.
Red Lion posts deeper loss: Red Lion Hotels Corp., which said in March that it may sell its hotel chain, posted a loss of US$6.6 million in the first quarter of 2012, deepening from its US$4.5 million loss in the first quarter of 2011.
Provenance, Woodbine buy Oregon hotel: Provenance hotels and Woodbine Development Corp. bought the 100-room Governor Hotel, located in Portland, Oregon.
Marriott announces dividend: Marriott International approved a 30% increase to US$0.13 per share to its quarterly dividend.
Read more at the Marriott News Center