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.
Best Western International plans to bring a new boutique hotel brand to Southeast Asia. The Vib brand will debut in Laos in 2018, according to the company. Read the Trade Arabia story here
Panda Express hopes to replicate its national success in New York City, where it will open two eateries next month. The buffet-style chain, which operates 1,800 restaurants nationwide, closed its only Manhattan eatery in 2001 after four years. The chain faces a challenge in a
Plans are in place to renovate the former Chase Tower in South Bend, Ind., and bring a new hotel to the building, city officials announced. The 183-room Aloft South Bend will be built by the Bradley Co. and the Kramer Design Group. Read the FoxNews.com
Cushman & Wakefield recently represented Holualoa Companies as the exclusive advisor in arranging the sale of the Holiday Inn Denver East Stapleton, in the Stapleton submarket of Denver. The hotel, which features 299 rooms and 20,000 square feet of meeting space, including the 3,240 SF Main
Hotel Equities recently formed a new division focused on full-service hotels as it increases its footprint in that market. In a deal earlier this year with Premier Hospitality Management, Hotel Equities became the management company for several full-service brands and two full-service independent hotels. Currently,
Savills Studley’s U.S. Capital Markets Hospitality Group advised Hoffman-Madison Waterfront, the master developer of the mixed-use waterfront community The Wharf, in choosing Hilton Worldwide and Hyatt Hotels Corporation for its 413-key dual-branded hotel. Following an extensive, year-long RFP process in which more than 20 hotel
The Ann Arbor (Mich.) City Council has approved the construction of a 140-room Hyatt Place hotel, which includes rezoning the area slated for construction. The property was purchased in 2014 for $2.4 million, and construction of the hotel is expected to cost about $14 million.
Fasano has replaced Morgans Hotel Group as the operating entity for the Shore Club in Miami Beach, Fla. The hotel was bought for $175.3 million in 2013 and is undergoing a major redesign before its scheduled opening in 2017. Read The Real Deal story here
Australia’s Crown Resorts plans to create a new luxury brand to appeal to VIP gamblers. Over the next 10 years, Crown is planning to open properties in Australia, the U.S. and perhaps Japan. Read The Sydney Morning Herald story here
Ireland-based fashion retailer Primark will open in the King of Prussia Mall near Philadelphia next month, after making its U.S. debut in Boston earlier this year. The new store will boast 58 registers and 93 fitting rooms with smartphone charging stations. Read The Philadelphia Inquirer
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