Time Equities affiliate buys Anguilla resort: TEI Anguilla Villa Equities LLC, an affiliate of Time Equities bought the Altamer Resort, which includes a 30-room hotel and 134 cottages and condominiums, from Shoal Bay West Properties.
Home Inns profit up in Q4: Home Inns & Hotels Management reported a net income of 12.9 million yuan (US$2.1 million) in the fourth quarter of 2013, up from 6.3 million yuan (US$1 million) during the same period in 2012.
Read more at The Wall Street Journal
Bail for Subrata Roy rejected: The Supreme Court of India ruled the Subrata Roy, chairman of Sahara India Pariwar, will have to remain incarcerated as the company’s ongoing legal dispute over a US$3.9 billion refund to 22 million small investors continues.
Read more at The New York Times
Benchmark adds Florida resort: Benchmark signed a deal with Bankers Financial Corp. to add the private Gilchrist Club hunting resort to its portfolio.
RLJ closes on 10-hotel purchase from Hyatt: RLJ Lodging Trust closed on its previously announced purchase of 10 U.S. hotels from Hyatt Hotels Corp.
Western Europe business travel to grow: The Global Business Travel Association projects that business travel spending in the U.K., Germany, France, Italy and Spain is set to grow 5.1% in 2014 and 6.5% in 2015.