Strategic to make public offering: On Tuesday Strategic Hotels & Resorts said it plans to make a public offering on 16 million shares.
Viceroy selling Chennai hotel project: India’s Viceroy Hotels signed an agreement with Mahal Hotels to sell its JW Marriott Chennai development in Chennai, India, to MRC Nagar.
Goldman Sachs may refinance Marriott Waikiki: Goldman Sachs is in talks to extend or modify its debt on the 1,310-room Marriott Waikiki Beach Resort & Spa, located in Honolulu.
Read more at The Wall Street Journal
MGM eyes Toronto expansion: MGM Resorts International is in talks with local officials about building a casino-resort in Toronto.
Read more at The Global and Mail
Summit to develop in N. Carolina: City officials in Raleigh, North Carolina, have appointed Summit Hospitality Group to develop a Residence Inn by Marriott.
Read more at The News & Observer
Tune to revamp portfolio: Tune Hotels said it plans to revamp its entire portfolio according to new standards by investing “several million ringgit.”