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.
Marriott’s Autograph Collection nears its 100th hotel with the addition of Grand Bohemian Hotel Charleston in Charleston, S.C. L.E. Hotels is maintaining a global presence by renovating four of its properties and adding one in Spain and one in Australia. Design Hotels has added eight
Mexican businessman Carlos Slim Helu will open the first two standalone retail stores for his Philosophy Jr. Studio fashion line. The brand, which launched in 2011 and has been selling at Sears Mexico stores, is expected to have 100 branded stores open by 2017. Read
Canaccord Genuity estimates another year-and-a-half upswing in the hospitality sector following a small increase at the end of August. With a possible interest-rate increase on the horizon, Canaccord sees opportunities to take advantage of the revenue per available room increase. Read the Nasdaq.com/Investor’s Business Daily
Papa Murphy’s Holdings is continuing its expansion in Jacksonville, Fla., with the grand opening of four new locations on Aug. 27. Read the PizzaMarketplace.com story here
Orlando was the most-visited tourist destination in the U.S. last year, attracting 62.3 million people, a 5.1% increase from the previous year. The region boasts 118,442 hotel rooms. Read the Hotel Management online story here
Blackstone Group will acquire Strategic Hotels & Resorts for approximately $6 billion. Blackstone will pay $14.25 per share, 13% above an estimated value of the company. Read The New York Times story here
The 162-acre site of the State Fairgrounds in Detroit will become a mix of apartments, senior housing and retail after developer Joel Ferguson’s $250 million redevelopment project gets underway. The group of involved includes Magic Johnson and Marvin Beatty of Greektown Casino. Tenant announcements will
The Sheraton Bloomington is showing off a $15 million renovation that includes a new restaurant, lounge bar and modernized rooms. The renovation comes after Edina Galleria developer Warren Beck bought the Sofitel hotel and converted it into a Sheraton. Read the American City Business Journals/Minneapolis/St.
Encore Capital Management, developer of the planned MargaritaVillage resort in Osceola County, Fla., has revealed more features of the project, including a 12-acre themed water park that will be open to the public and a lagoon at the property’s center. Other amenities at the 300-acre
Millennials are flocking to Atlantic City, N.J., for bachelor and bachelorette parties, according to Global Gaming Business. Casinos in Atlantic City could tap into the trend by offering packages for millennial guests, who tend to visit nightclubs but have less disposable income. Read the Global
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