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Report: Natural disasters caused $110B in U.S. damage last year

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The natural catastrophes that hit the United States last year resulted in $110 billion in damage, making 2012 the second-costliest

Marriott eyes growth worldwide

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Because many middle-class people from developing countries are traveling, Marriott is planning for global growth, despite economic concerns. Read the

Wegmans in Rochester, N.Y. adds upscale Italian restaurant

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East Avenue Wegmans is taking on a whole new look, thanks to the Amore Italian Restaurant and Wine Bar. Amore

Lowe’s reportedly bidding $205M for Orchard Supply Hardware

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Home improvement retailer Lowe’s will reportedly bid to acquire 60 of California-based Orchard Supply Hardware‘s 91 stores, with an option

Chatham Lodging to buy Pittsburgh hotel for $40M

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Chatham Lodging Trust plans to acquire the Hyatt Place Pittsburgh/North Shore. It is paying $40 million in cash for the 178-key

Chicago’s Hyatt Regency spends $110M on expansion, renovation

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A new guestroom tower and renovated meeting spaces and public areas are part of a $110 million expansion project at

PKF: Hotels achieve highest occupancy level since 1997

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The national occupancy rate in U.S. hotels is expected to rise 2.2 percentage points next year, reaching 63.8 percent, the

Microsoft will open ministore at 600 Best Buy locations

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Microsoft is opening a Windows Store within 600 Best Buy locations to sell computers, phones and Xbox products. The move,

McAlister’s Deli signs franchisees for 21 units in 7 states

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McAlister’s Deli has signed agreements with four franchise groups to develop 21 new restaurants in seven states. Read the FastCasual.com story

Construction plans unveiled for WTC towers in NYC

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New construction plans were recently released for World Trade Center Towers 2, 3 and 4 in New York City. The

Holiday Inn Manhattan is sold for $121.4 million

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Carey Watermark Investors has purchased the 226-room Holiday Inn Manhattan 6th Avenue hotel in New York for about $121.4 million.

Ulta’s ambitious growth plans include 1,200 stores

davidc@ccr-mag.com

Ulta Salon, Cosmetics & Fragrance added 22 percent more store space last year and plans to add 125 new locations

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Report: Natural disasters caused $110B in U.S. damage last year

Marriott eyes growth worldwide

Wegmans in Rochester, N.Y. adds upscale Italian restaurant

Lowe’s reportedly bidding $205M for Orchard Supply Hardware

Chatham Lodging to buy Pittsburgh hotel for $40M

Chicago’s Hyatt Regency spends $110M on expansion, renovation

PKF: Hotels achieve highest occupancy level since 1997

Microsoft will open ministore at 600 Best Buy locations

McAlister’s Deli signs franchisees for 21 units in 7 states

Construction plans unveiled for WTC towers in NYC

Holiday Inn Manhattan is sold for $121.4 million

Ulta’s ambitious growth plans include 1,200 stores

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