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Hotel Leelaventure plans to raise US$222m through bond issue

Hotel Leelaventure Ltd. is seeking shareholder approval to raise 10 billion rupees (US$222 million).

PEOPLE | Pegasus Solutions Appoints Mike Montemurro Senior Vice President, Product Strategy & Suppor

Pegasus Solutions has appointed Mike Montemurro senior vice president, product strategy & support. Montemurro, who previously served as the vice president of central reservation system (CRS) product management for the company, will assume responsibility for all aspects of product strategy and support across Pegasus’ reservations, distribution, representation and financial services product lines.

Swissôtel to manage new hotel in Olympics host city Sochi

Swissôtel Hotels & Resorts is adding another hotel to its Russia portfolio, signing a management deal for a 200-key beach resort in Sochi.