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.
Construction of a water park resort in Colorado Springs, Colo., started recently, and operator Great Wolf Resorts said it now expects the property to open in November. Great Wolf has allocated $90 million to complete the purchase and development of the former Renaissance Hotel, which
Grand Pacific Palisades Resort in Carlsbad, Calif. is starting an expansion project next year. A new hotel will add 71 guest rooms and 36 time-share units, bringing the resort’s total number of rooms to nearly 800. The project, which is on a 3.7-acre site near
Hersha Hospitality Trust is selling a 70% stake in seven of its Manhattan hotels to Chinese investment firm Cindat Capital Management for $571.4 million. Hersha will use some of the $300 million in proceeds from the transaction to acquire assets including The Ritz-Carlton Georgetown and
Starwood Hotels & Resorts Worldwide plans to open 10 new properties in New York state under its Aloft, Element and Four Points brands by the end of 2018, most in New York City. The recently opened Four Points New York Downtown is among more than
About $6.4 billion worth of projects are under construction or being planned in downtown San Diego. The top projects include a new state courthouse, an apartment and a hotel. The 63 projects will add more than 10,000 residences and 3,866 hotel rooms to the downtown
Dream Hotels has announced plans to open a 179-room property in Hollywood next year. Amenities will include an 11,000-square-foot rooftop offering view of the city skyline. Read the Examiner.com story here
The $140 million Hamilton Crossing shopping center in Lower Macungie Township, Pa., features Costco as an anchor and will include Whole Foods and Nordstrom Rack. The shopping center is more than 90% leased, with 34 tenants so far. Read The Morning Call story here
Three large retail developers are bringing outlet centers to three parts of the Tulsa, Okla., metro area by the end of 2017. Simon is working on a project for the Creek Turnpike area, while Horizon Group Properties has a planned project for the eastern part
A slowdown in growth is likely after the outstanding RevPAR performance of 2015, but it should remain vigorous over the near term, industry experts generally concurred at the recent Americas Lodging Investment Summit. A lagging stock market and disappointing New York City and Houston figures
Six Senses Hotels Resorts Spas is planning to add up to five resorts to its portfolio in the next two years. Since opening its first new hotels since the Pegasus purchase last year in China and in Portugal, Six Senses also opened spas in hotels
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