Steigenberger expands in Berlin: Steigenberger Hotels and Resorts announced on Tuesday that it will manage a new-build hotel in central Berlin.
Fairmont expands in China: Fairmont Hotels & Resorts announced on Wednesday that it will manage a new-build hotel in Chengdu, China, to open in 2014.
Embassy Suites expands in US: Hilton Worldwide announced that Embassy Suites will manage a 165-room new-build hotel in Richland, Washington, scheduled to open in 2013.
Financing secured for El Encanto: Sonnenblick-Eichner Co. announced on Tuesday that it has arranged US$45 million for the construction of El Encanto Hotel in Santa Barbara, California, for Orient-Express Hotels.
Starr Pass resort defaults: Starr Pass Resort Developments has defaulted on a US$145 million loan for the JW Marriott Starr Pass Resort & Spa.
Mast buys Hotel Monticello: Mast Capital closed the purchase of Hotel Monticello, located in Washington, D.C., on Wednesday. The hotel will be managed by Hersha Hospitality Management.
Abrahamson to be CEO: Jim Abrahamson will become CEO of Interstate Hotels & Resorts on December 1. His appointment to the position was previously announced.