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.
ARC Hospitality Trust pulled off a rapid growth strategy in less than a year, boosting its portfolio from zero to 122 properties between March 2014 and February of this year, with the goal of attracting investors and drawing funds at an unprecedented rate. The company
Omaha, Neb., has had 750 hotel rooms added or renovated since May and hundreds of additional rooms are on the way, but the city continues to see its supply stretched to accommodate an influx of visitors, many of whom are coming to attend the annual
Driftwood Hospitality has four hotels in its pipeline in South Florida and two properties in the early planning phase. The hotels in development include a 123-room Residence Inn by Marriott and a 150-room hotel under the new Canopy by Hilton lifestyle brand. Read the Sun-Sentinel
Construction of the new hockey arena for the Detroit Red Wings and a 45-block entertainment district will soon get under way. At least 10 Detroit-based firms have been awarded $25 million of the first $30 million in contracts for the projects, which are expected to
The prevalence of kiranas, or mom-and-pop groceries, in India could be a harbinger for industry growth in the United States. India has 16 million such stores, which offer monthly credit, free home delivery and personalized service. For the model to succeed in the U.S., retailers
The opportunity for hotel investors in the current environment is in selling assets. Seizing opportunities is more important than focusing on specific markets, according to panelists at a hotel conference in Atlanta. When asked for their strategies in several markets, all panelists expressed a desire
Wyndham Hotel Group is slated to build ph Premiere Hotel & Spa Orlando, a Planet Hollywood resort, near Disney’s Magic Kingdom in Orlando, Fla. The spa will feature wet and dry massage treatment rooms and a hammam. The treatment menu will include massages, facials, body
The InterContinental Chicago Magnificent Mile‘s Executive Tower has opened for guests after a $13 million renovation. Read the HotelChatter/Before and After story here
The founders of Rockville, Md.-based fast-casual chain Cava Grill raised $16 million in a third round of funding, which they will use to launch the concept in the Los Angeles area. Cava Grill, spun off from full-service eatery Cava Mezze, has eight units in the
The Residence Inn by Marriott in Ann Arbor, Mich., recently reached the project’s “topping off” milestone, marking the start of final roofing. Read the MLive.com story here
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