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.
The U.S. market saw $23.5 billion worth of hospital construction starts last year and should do $30.5 billion this year, according to this article. That is the highest level of activity since 2008. Experts say that financing challenges after the economic crash and a “lack
Carlyle Group and Blackstone have sold four branded hotels in Florida to Liberty Group for $24 million. Liberty plans renovations for the 317-room portfolio, which will be operated by Liberty Hospitality Management. Read the HotelsMag.com story here
Miami-Dade County’s massive Aventura ParkSquare mixed-use development is getting a brand new Aloft hotel in 2017. Integra Investments announced that the new 207-key asset will serve as the development’s signature hotel component. Read the Commercial Property Executive story here
The Kenner City Council in Louisiana is planning new taxes to help pay for the construction of three hotels near Louis Armstrong New Orleans International Airport. The taxes could bring in revenue of $185,000 annually. A Courtyard by Marriott and a Hyatt Place are planned
The former Conrad Chicago is now The Gwen, a Starwood Luxury Collection Hotel, the first under the brand in Chicago. Read the TravelPulse story here
Best Western International is planning a massive rebranding push, complete with a new logo and name change. Executives announced that the hotel chain, which will be called Best Western Hotels and Resorts, will introduce an affordable boutique hotel brand called GLo. Read the USA Today
Updated renderings have been released for the Salt Lake City airport, which is being completely updated. The $1.8 billion project will rebuild the current terminals that were constructed as long as 50 years ago. The project includes a new, 4,000-foot concourse with 38 gates; a
Starwood Hotels & Resorts is planning to increase its footprint in Africa by 50% in the next five years, despite regional economic headwinds. Read the Skift story here
Exhale, one of the country’s premier lifestyle brands, opened its third boutique fitness studio in the Atlanta market in October. Exhale Inman Park will be located on the ground floor of the newly developed Inman Quarter. The 2,377-square-foot space will offer the brand’s highly publicized
The Graton Resort & Casino in Sonoma County, Calif., broke ground on a $175 million expansion. The project will add a six-story hotel with meeting space, spa, pool and other amenities to the casino, which is managed by Station Casinos on behalf of the Federated
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