Shawmut Design and Construction has joined Draper and Wexford Science & Technology to break ground on the 111,000-square-foot Integrated Microelectronics Production & Advanced Chip Technology (IMPACT) Center in Lowell, Massachusetts.
Host Hotels & Resorts has bought the ground leases for the Key Bridge Marriott in Arlington, Va., for $54 million. The REIT, which had wanted full control of the property for 10 years but only recently was able to buy the ground leases, is considering
Hersha Hospitality Trust has acquired the 136-room boutique Envoy Hotel in Boston for $112.5 million. It also announced it has entered into a definitive agreement to sell two Residence Inn properties in Framingham and Norwood, Mass., for a total of $47 million. Read the GlobeSt.com
At newly-opened Gwen in Los Angeles, celebrity chef Curtis Stone combines fine dining with a USDA-certified butcher shop for a unique restaurant experience. Stone hopes the combined venture will eliminate food waste for the meat he brings to Gwen. Read the Nation’s Restaurant News story
Restaurant Brands International has global growth plans for Canada-based Tim Hortons, aiming to make it as popular internationally as sibling chain Burger King. The company added restaurants in the second quarter and boosted profits with increased lunchtime sales of salads and wraps. Read the Calgary
New York City-based Blue Ribbon Restaurants will unveil its eighth restaurant concept with the opening of Blue Ribbon Federal Grill in Manhattan’s Financial District this fall. The company, founded by brothers Bruce and Eric Bromberg, also has eateries in Las Vegas and Los Angeles and
Detroit is emerging from the doldrums as a hotel market, thanks to government revitalization projects and renewed investment centered on boutique hotels and reusing older buildings. Supply, demand and average daily rate have increased, and the future holds such stimuli as a $137 million rail
The hospitality sector in Biloxi, Miss., has experienced a strong recovery from the damage by Hurricane Katrina 11 years ago. New developments include a Margaritaville Resort and many hotels. Read the The Modesto Bee/The Associated Press story here
Omni Hotels & Resorts plans to add a hotel to the complex in Frisco, Texas, that houses the Dallas Cowboys’ headquarters and football practice facility. The 16-story Omni Frisco Hotel will reflect the football team in design features. Read the Frequent Business Traveler story here
A $1.2 billion project will upgrade the Nashville International Airport in Tennessee over the next five to seven years. The terminal will be renovated and expanded and a new parking garage and hotel built. Read the The Tennessean story here
California saw its third-highest hotel purchase price of the year — $130.9 million — when New York-based Carey Watermark Investors 2 bought the 372-room San Diego Marriott La Jolla. The seller, HEI Hotels & Resorts, will continue to operate the property. Read The San Diego
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