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NoMad hotel to rise in L.A.

The former Bank of Italy headquarters in Los Angeles has been purchased by Sydell Group and will be redeveloped into a NoMad hotel. The property is expected to open in 2017 with around 250 rooms. Read the Travel Weekly story here

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Nordstrom aims to raise the bar at flagships

Nordstrom opened an upscale bar in its Seattle flagship last week, as part of an ongoing renovation project designed to make the store, along with its San Francisco and Chicago flagships, more appealing to international shoppers. Read the American City Business Journals/Seattle story here

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Kroger plans $464M Ind. expansion

Kroger will invest $464.6 million in the central Indiana market over the next few years, adding 11 new stores and 16 new gas stations, remodeling or expanding 22 existing stores and building a regional training center in Indianapolis. The nine-county effort includes seven new Kroger

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Kroger plans $464M Ind. expansion

Kroger will invest $464.6 million in the central Indiana market over the next few years, adding 11 new stores and 16 new gas stations, remodeling or expanding 22 existing stores and building a regional training center in Indianapolis. The nine-county effort includes seven new Kroger

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Chesapeake buys L.A’s Ace Hotel for $103M

Chesapeake Lodging Trust has purchased the Ace Hotel Downtown in Los Angeles from Greenfield Partners. The $103 million transaction includes The Theater at Ace Hotel, which is being used as a meeting and event space. Ace Hotel Group will continue to run the 182-room hotel.

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AmericInn to drive growth through evolution

AmericInn will adapt to the needs of its guests to maintain the healthy growth the company achieved last year. Among AmericInn’s growth strategies this year are a greater focus on its website and a new “Easy Rewards Elite” tier in its loyalty program. Read the

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IKEA to test small-store concept in Ontario

IKEA will open a 20,000-square-foot store in London, Ontario, this year, where shoppers will be able to browse and buy on in-store tablets, pick up online orders and get support for sales, assembly and room planning. It will be the smallest store for the Swedish

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