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.
MGM Resorts International is buying out the 50% stake of its partner, Boyd Gaming, in Atlantic City’s Borgata Hotel Casino & Spa. It is paying $900 million for Boyd’s stake as well as assuming the property’s $600 million in liabilities. The deal is structured so
Sustainable Pittsburgh Restaurant is helping eateries in southwestern Pennsylvania implement and achieve recognition for sustainable practices. The program, which is part of the nonprofit Sustainable Pittsburgh, is working with more than two dozen restaurants with a goal of signing up 110 by July 2017. Read
Local developer Dev Motwani is teaming up with Driftwood Hospitality Management to build a $25 million, 195-room hotel in downtown Fort Lauderdale, Fla. It will be part of the Flagler Village artists’ area, which also will soon have a retail component. Read the Sun-Sentinel story
Xenia Hotels & Resorts has sold the Embassy Suites Hunt Valley, a hotel located in a Baltimore submarket, for $20 million. This trade follows Xenia Hotel’s recent sale of the DoubleTree by Hilton in Washington, D.C., for $65 million. Read the GlobeSt.com story here
Extended Stay America will begin franchising properties as part of an ambitious expansion and renovation program. Executives said the company plans to spend $1.4 billion over five years on renovations and increase its current 629 hotels to more than 700, with a quarter of them
NewcrestImage, a hotel development, construction and management firm, partnered with Guerdon Modular Buildings, manufacturer of modular construction projects, to use modular technology to build a 142-room AC Hotel in Oklahoma City. This is the first NewcrestImage project – and the first Oklahoma City hotel –
Work continues on a $1.3 billion train station and a parking garage near Orlando International Airport. The projects are part of a $3 billion plan to improvement transportation infrastructure at the airport. Read the Orlando Sentinel story here
A huge redevelopment project is planned across 5,300 acres of bay front in San Diego, Harbor Island and Chula Vista, Calif. Plans include port projects, construction of a hotel and convention center and a wildlife habitat. Read The San Diego Union-Tribune story here
The state has approved $4.8 million in taxpayer assistance to the developers of a Homewood Suites by Hilton in Providence, R.I. The $24.5 million project by First Bristol Corp. will be the first to benefit from the state’s tax increment financing program. Read the Providence
A proposed AC Hotel by Marriott on the waterfront in Portland, Maine, has won local planning board approval. The Portland Norwich Group is developing the estimated $20 million project. Read the Portland Press Herald story here
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