InterContinental Hotels Group (IHG) [LON: IHG, NYSE: IHG (ADRs)], one of the world’s largest hotel companies, today announces the signing of two new Holiday Inn Express® hotels in Managua, Nicaragua and Tegucigalpa, Honduras.

A private equity group plans to invest $8 million in upgrading the Nassau Palm Resort after completing the downtown Nassau property’s acquisition on Friday. Renovation work on the 183-room Nassau Palm, which has been for sale for three years, is projected to create 75 construction jobs, plus around 70 permanent posts once the hotel reopens.

The Dominican Republic’s Casa del Campo resort is offering a “Sale into Summer” promotion featuring up to 45 percent off published rates. The resort is also offering all-inclusive stays for two kids 12 and younger at rates starting at $201 per person, per night through August 31 under “Summer Escape” program.