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.
Blaze Fast-Fire’d Pizza, a fast casual artisanal pizza chain, plans to set foot in Canada this year, with expectations to open at least 2,000 units in the United States and an additional 1,000 units in international markets. Read the FastCasual.com story here
Best Western International said Vib (pronoubced “vibe”), its new lifestyle brand, is scheduled to make its U.S. debut in Chicago. The 74-room Vib Chicago will be located near Midway Airport, and is slated to open by late summer 2016. The 200-room Vib Miami, which will
Genting Group began construction on its $4 billion Resorts World Las Vegas Project holding a groundbreaking celebration in the city featuring Chinese drummers and lion dancers. The project will include a 175,000-square-foot casino, 4,000-seat theater, a panda exhibit, an indoor water park, and Chinese-inspired design elements.
Morgan Stanley has sold the 655-room Marriott East Side Hotel for $270 million. The buyer, a joint venture between Germany-based Deka Immobilien and Ashkenazy Acquisition Corp., will retain Marriott as the hotel’s operator through a long-term contract. Read the GlobeSt.com story here
Dallas-based chicken wing chain Wingstop filed plans to go public in an initial offering set to raise $86 million, according to a regulatory filing. The chain ended last year with 712 restaurants and $67.4 million in revenue. Read the American City Business Journals/Atlanta story here
Omni Hotels & Resorts is developing a hotel in partnership with the Atlanta Braves, opening in conjunction with the Major League Baseball team’s new stadium. The Omni Atlanta Hotel at SunTrust Park will have 260 rooms. Read the Travel Weekly story here
Hampshire Hotels Management’s lifestyle collection, Début Hotel Group, has opened the first location for its new brand Unscripted Hotels in Monterey Bay, California. The hotel is Monterey Bay’s only beachfront property and features 196 guestrooms. Read the HotelsMag.com story here
The 1,500-room Gaylord Rockies Hotel in Colorado began construction this week with plans to open in November 2018. Read The Denver Post story here
North Point Hospitality Group plans to build a tri-branded hotel in Nashville, Tenn. The $120 million project would include a 125-unit SpringHill Suites by Marriott, a 204-unit AC Hotel by Marriott and a 126-room Residence Inn by Marriott. Read The Tennessean story here
Arby’s will open 60 new restaurants this year and double its growth rate in 2016, steaming back into growth mode in an effort to boost company-wide sales to $4 billion by 2018. Read the Nation’s Restaurant News story here
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