News in brief: Strategic, Viceroy, Marriott Waikiki

Strategic to make public offering:  On Tuesday Strategic Hotels & Resorts said it plans to make a public offering on 16 million shares.

Read more at NASDAQ


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.

Read more at MSN


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.”

Read more at Malaysia Star