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.
In U.S. urban centers where space and cost are serious issues, the micro-hotel is catching on. The hotel trend, originally seen in Japan and New York, is a cost-coping measure, but it appeals to younger travelers who use technology, care about affordability and enjoy larger
Taco John’s has announced plans to build 15 franchises throoughout Indianapolis. Michael House, real estate developer and operator of two BoomBozz Craft Pizza and Taphouse locations, has signed a five-store agreement with an option for an additional 10 units. Read the QSRWeb.com story here
Jerry Dicker’s Ruby Hospitality has announced its $2.3 million purchase of the landmark Montvale Hotel in Spokane, Wash. Plans are in place to bring in new artwork and renovate the 36-room boutique hotel, while preserving original details. Read The Spokesman-Review story here
Ashford Inc. has agreed to a business combination with Remington Holdings, a property manager co-owned by Ashford CEO Monty Bennett. The deal will be completed in the first quarter of next year. Remington has seen an 18% increase in growth so far in 2015, with 14
Rambleside Holdings has offered $507 million to Morgans Hotel Group for two hotels, New York’s Hudson Hotel and Miami Beach’s Delano Hotel. Rambleside has also indicated interest in purchasing the entire company. However, Morgans has been in talks with SBE Entertainment Group regarding a merger.
As part of a drive to help improve downtown Tulsa, Okla., developer Nelson Stowe and partners have submitted plans for a 600,000-square-foot hotel, business and retail complex that will cover two blocks. The 105-room hotel will feature a courtyard as well as an attached restaurant
A new brand of boutique hotels could come to Atlanta. Best Western International is actively negotiating a deal to bring Vib, its new urban boutique hotel brand, to the city. Read the American City Business Journals/Atlanta story here
Work on The Banks project along Cincinnati’s riverfront is still underway, with more than $2 billion of public and private funds over the last 20 years. The latest project is a two-level, 690-space parking structure, part of the project’s Phase IIIA. A $35 million hotel,
Guests of The Breakers Palm Beach will be able to stay on the Flagler Club concierge level beginning in October. The boutique-style floor has undergone a $5 million renovation to add new rooms and suites, offering exclusive amenities. A further $8 million investment will improve
Mobile bicycle repair franchiser Velofix has opened nine new locations in the United States and expects to have 55 a year from now. Three of the new franchise locations are in California, and the rest are in Colorado, Hawaii, Ohio, Oregon, Texas and Washington state.
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