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.
Hotels are likely to negotiate corporate rates 3% to 5% higher for 2016 Industry watchers say hotels will lock in corporate rate increases of 3% to 5% for 2016, driven by high demand in many markets. Read the HotelNewsNow.com story here
The 87-year-old, 143-room Hotel Durant Berkeley in California has been purchased by new brand Graduate Hotels, which describes itself as a team of counterculture investors. The brand has acquired hotels in college cities, with plans to add more throughout the country, to give guests “memory-making
Massachusetts-based Claremont Cos. has purchased an 88-room oceanside hotel in Pompano Beach, Fla., for an undisclosed amount. The sale of the Residence Inn by Marriott property represents the growth in Pompano Beach, traditionally considered a secondary market. Read The Miami Herald story here
Carlson Rezidor Hotel Group plans to develop four hotels in North and South America under its Radisson Red brand, which targets millennials. The hotels are in Columbia, Brazil and Minneapolis. Read the HotelsMag.com story here
Stable conditions in the hotel industry over the next 12 to 18 months make lodging real estate investments a safe bet in the near term. Read the Commercial Property Executives story here
Celebrity burgers are set to join the already crowded fast-casual food market when the Wahlberg family’s Wahlburgers makes its debut on the Las Vegas Strip in late 2015. The restaurant, made famous on the A&E show “Wahlburgers,” is to open at the new Grand Bazaar
The Graton Resort & Casino is building a $175 million expansion, according to the Federated Indians of the Graton Rancheria. The resort expansion is expected to debut by fall 2016. Read the GlobeSt.com story here
Marriott International has 60 hotels in its pipeline in South America and the Caribbean market, representing a 75% increase in Marriott’s holdings in the region. Read the TravelMarketReport.com story here
Domino’s Pizza has moved into Italy with a location that opened recently in Milan as part of a deal with ePizza S.p.A. The restaurant is planning to use locally sourced ingredients, and more stores in Milan are in the works. Read the CNBC story here
WoodWorks, an educational initiative providing free technical support and resources related to the design and construction of non-residential and multi-family wood buildings, is accepting nominations for its 2016 U.S. Wood Design Awards. The awards recognize excellence in wood design, construction and engineering, and showcase innovative
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page