Lufthansa Group closed the 2010 financial year with revenue of 27.3 billion euros, compared to 22.3 billion euros in 2009, according to preliminary figures. Despite adverse one-off factors, the airline group’s operating profit came to 876 million euros, compared to 130 million euros in 2009. Net profit attributable to shareholders of Deutsche Lufthansa AG amounted to 1.1 billion euros, compared to a loss of 34 million euros in 2009.

Runaway Bay Developments, owner of SuperFun Beach Resort and Spa in the Runaway Bay section of Jamaica’s north coast, has been placed into receivership by creditors led by four banks, which are seeking to recover $20 million in debt, according to local press reports. The property has been put up for sale by its receiver, PricewaterhouseCoopers.

The total active U.S. hotel development pipeline comprises 3,118 projects totaling 327,693 rooms, according to the February 2011 STR/McGraw Hill Construction Dodge Pipeline Report. This represents an 11.1 percent decrease in the number of rooms in the total active pipeline compared to February 2010. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.

The Bahamas Prime Minister Hubert Ingraham said recently that the government is “anxious” to recoup the $50 million it provided to help commence work on Phase I of the Lynden Pindling International Airport.

The Government is in discussions with the Inter-American Investment Corporation (IIC), a subsidiary of the Inter-American Development Bank (IBD), to access $10 million in funding to assist small hotels and medium-sized businesses that supply the tourism sector.

Brilla Group, a Miami-based private equity firm, announces that it has provided a $14 million structured lending facility to the world-famous Caribbean luxury resort Cap Juluca.