News in brief: Salt Lake City, Steigenberger, Hyatt

2-hotel development in Utah announced:  Alex. Brown Realty, PEG Development and Blue Diamond Capital announced a joint venture to develop two hotels, a 159-room Hyatt House, to open in the fall of 2014, and 175-room Courtyard by Marriott, to open in the spring of 2015, in Salt Lake City.

Read more at Deseret News


Steigenberger to expand in Germany:  Steigenberger Hotels AG announced that it will open a 175-room Steigenberger hotel in the Europaviertel district of Stuttgart at the end of 2015.


Hyatt to expand in Amsterdam:  Hyatt Hotels Corp. announced that an affiliate signed an agreement with affiliates of Aedes Real Estate and Realitätentwicklung AG to open the 221-room Hyatt Regency Amsterdam in 2015.

Read more at 4-traders


FelCor sells California hotel:  FelCor Lodging Trust announced that it has agreed to sell the 160-room Holiday Inn–Santa Barbara/Goleta for US$24 million to an undisclosed buyer.

Read more at The Wall Street Journal


Concord to operate Laurus’ new Maryland hotel:  Concord Hospitality Enterprises has been appointed to manage the 392-room Hunt Valley Inn, which is undergoing a US$10 million conversion to a Wyndham Grand Hotel.

Read more at CNBC


LV Sands loses lawsuit:  Las Vegas Sands lost a lawsuit to Hong Kong businessman Richard Suen for US$70 million on claims that he assisted the company with securing a gambling license in Macau.



Hyatt sells Richter painting for $37 million:  Hyatt Hotels Corp. sold Gerhard Richter’s painting “Domplatz, Mailand (Cathedral Square, Milan)” for US$37 million.

Read more at Yahoo News


International tourism receipts up 4% in 2012:  New data from UNWTO shows that receipts from international tourism in destinations around the world grew by 4% in 2012 reaching US$1075 billion. This growth is equal to the 4% increase in international tourist arrivals in 2012.