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.
Icona Resorts has added a another beachfront property in Cape May County, N.J. with acquisition of the historical Golden Inn in Avalon. The luxury hotel management company two years ago opened the Icona Diamond Beach, now TripAdvisor’s top-rated New Jersey beachfront hotel. Plans call for
Virgin Hotels will open and operate a new hotel in Palm Springs, Calif., marking its debut on the U.S. West Coast. Expected to open in late 2018, the new-build hotel will be managed by Virgin Hotels and developed by Wessman Development. Read the Hotelsmag.com story
As recovery from the recession continues, the Caribbean is drawing increased interest from hotel chains, with lower-cost brands taking the lead over traditional luxury properties. Both average daily rates and revenue per available room have exceeded previous peaks in 2014, according to research firm STR.
The $175 million WaterView development in Scottsdale, Ariz., features a 269-room luxury hotel with a rooftop swimming pool. Construction on the project could begin next year. Read the AzCentral.com story here
Work is set to start on a $2.5 billion project that will transform Los Angeles’ Century Plaza Hotel and some adjacent property. The project will renovate the hotel, cutting the number of rooms from 726 to 394, and will add two 46-story residential towers. Construction
A 44-page appendix to a report by the New Jersey Department of Environmental Protection offers more details on proposals to bring private development to some areas of Liberty State Park. The report has several development proposals, including hotels, restaurants, apartments, event space and an amusement
IKEA will expand by 12 stores in Canada over the next 10 years, starting with the construction of a new 328,000-square-foot location in Halifax, Nova Scotia this summer. The store, a full-line location that will include a playroom and a restaurant, is expected to take
Starbucks will turn its three New York City Teavana bars into Starbucks cafes and close a fourth location in Beverly Hills, Calif. Starbucks, which acquired the tea brand in 2012 for $616 million, has 350 Teavana branded stores that sell bulk tea but don’t serve
W Hotels plans its first new construction in the US since 2010 after a 70% increase in signings in 2015 over 2014. The luxury brand owned by Starwood Resorts & Hotels announced intentions for new Aspen, Colo., and Madrid properties this week. W will continue
Starwood Hotels & Resorts plans to open a new property in Spain in 2018. The 141-room W Madrid will be located on Plaza de Canalejas. Read the Australian Business Traveller story here
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