News in brief: Sandals, Macdonald, Brook

Sandals to pay $12 million in corruption probe:  Sandals Resorts will pay US$12 million to the government of Turks & Caicos after a corruption probe, although the agreement does not involve an admission of liability by Sandals.

Read more at Fox News


Macdonald re-enters Wales:  Macdonald Hotels & Resorts announced that has re-entered Wales when it took over management of the 106-room Dragon hotel, located in Swansea.

Read more at The Financial


Brook Hotels loses most of portfolio:  Brook Hotels’ portfolio has shrunk from 21 hotels to five after Brompton Hotels entered administration under UHY Hacker Young and is being operated by Delight Hotels.

Read more at The Financial


Preferred members’ revenue up in 2012:  Preferred Hotel Group announced that in 2012 it saw a 19% increase in revenue produced for its members hotels, up to a total of US$730 million.


Banerjee launching private equity fund for hotel investment:  Bani Banerjee is launching a private equity fund to invest in hotels and real estate.

Read more at Business Standard


Embassy Suites announces Americas growth plans:  Hilton Worldwide’s Embassy Suites brand announced plans to grow the portfolio by 25% over the next three years to reach 300 properties in the Americas.