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.
Summit Hotel Properties purchased two hotels in Boston and Asheville, N.C., for $59 million. The 139-room Boston Hotel and the 115-room Hotel Indigo are being managed by Interstate Hotels & Resorts. Summit plans to improve both properties by 2016. Read the American City Business Journals/Austin,
Philadelphia is experiencing the biggest hotel boom since the Republican National Convention came to the city 15 years ago, as eight current projects will add 2,000 rooms. Four Seasons and Kimpton are among the brands building in the city. Read The Philadelphia Inquirer story here
A Pizza Hut franchisee has opened a branded sports bar in downtown Minneapolis. The 152-seat eatery boasts 13 TV screens, a lunch buffet and plans to serve beer, wine and cocktails. Read the American City Business Journals/Minneapolis/St. Paul, Minn. story here
Ascott Residence Trust has acquired the 411-room Element New York Times Square West hotel in Midtown Manhattan for $163.5 million. The purchase marks the REIT’s entrance into the U.S. market. Read The Business Times story here
A Pizza Hut franchisee has opened a branded sports bar in downtown Minneapolis. The 152-seat eatery boasts 13 TV screens, a lunch buffet and plans to serve beer, wine and cocktails. Read the American City Business Journals/Minneapolis/St. Paul, Minn. story here
Four of Fontainebleau Miami Beach’s luxury suites now include unique furniture and art as part of a sleek redesign. The redesign also includes neutral tones, luxurious fabrics and polished wood features. Read the Haute Living online story here
Target will open its ninth CityTarget location this summer in Boston’s Fenway neighborhood, following an announcement by the retailer earlier this year that it would open 15 new stores. With its other urban-format locations operating in California, Washington, Oregon and Illinois, the Boston CityTarget and
Louvre Hotels Group and China’s ICBC bank have reached an agreement for a credit line of $2.77 billion over three years. Read the HotelsMag.com story here
The Hampton Inn & Suites by Hilton in Omaha, Neb., has finished renovations to its guest rooms and lobby. The 139-room property is managed by White Lodging Services. Read the Omaha World-Herald story here
The $200 million Trump International Hotel being developed at the Old Post Office Building in Washington, D.C., is said to be larger and more luxurious than its upscale counterparts. Scheduled to open next year, the hotel will feature a 13,000-square-foot ballroom and two presidential suites
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