Marina Bay Sands gets new CEO: Singapore’s Marina Bay Sands casino-hotel got a new CEO on Wednesday. George Tanasijevich was promoted from interim CEO after having worked in executive positions for parent company Las Vegas Sands Co.
Colombia gets first Holiday Inn: IHG opened a Holiday Inn brand hotel in Bogota, Colombia, on Tuesday. This is the first Holiday Inn to open in the country.
U.S. tourists in Mexico up 2.5%: Despite a series of gruesome drug violence headlines, the recovery of Mexico’s tourism industry post-recession continues. U.S. Department of Commerce statistics show 2.5% more Americans visited Mexico in the first five months of 2011 than during the same period in the previous year.
Wyndham earnings up 20%: Wyndham Worldwide Co. second-quarter earnings increased 20% year-on-year, bolstered by revenue growth. Second-quarter earnings were US$114 million, or 67 cents per share.
Brilla closes US$20 million loan: Miami-based private equity firm Brilla Group closed a US$20 million loan on Wednesday to renovate the The Raleigh hotel in South Beach.
US$161 million Delano Hotel mortgage paid: On Monday the Morgans Hotel Group Co. repaid its US$161 million loan on the property to Wells Fargo Bank.