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.
The Westin Pasadena hotel in Pasadena, Calif., has been sold to Carey Watermark Investors for $142.5 million. The new owner said that it would renovate the 350-room property, which will remain under management by HEI Hotels & Resorts. Read the GlobeSt.com story here
The founder of the Famous Dave’s barbecue chain will launch Jimmie’s Old Southern Smokehouse BBQ in Hayward, Wis. Dave Anderson’s one-year noncompete agreement with the company he started was up last month; his new venture is named after his father. Read the Star Tribune story
Marriott International recently celebrated its 1,000th property under the Courtyard brand at Washington’s Courtyard Walla Walla. Read the HotelNewsNow.com story here
American Realty Capital Hospitality Trust has acquired two hotels in Jacksonville, Fla., as part of a recently closed deal to buy 116 hotels. The properties are the Residence Inn Jacksonville Airport and Courtyard Jacksonville Airport Northeast. Read the American City Business Journals/Jacksonville, Fla. story here
This spring, SLN Manager Inc. will begin building a $35 million resort with a 141-room hotel, an indoor water park and a family entertainment center. The more than 100,000-square-foot water park will include four pools and 4,500 square feet of rooms for athlete training, events
As Houston’s economy picks up steam, new hotels are coming to town, including two Marriott-branded properties and a Homewood Suites by Hilton. Read the Houston Chronicle story here
The Metropolitan Airports Commission has granted its approval for the construction of a 300-room luxury hotel at Minneapolis-St. Paul International Airport. The property will include meeting space, a destination restaurant and a spa. Read the American City Business Journals/Minneapolis/St. Paul, Minn. story here
Traditionally, outlet centers have been located far from urban shopping districts so as not to cannibalize full-price department-store sales, but this practice is increasingly being disregarded as outlet centers continue to post high sales and as e-commerce adds to pricing pressure. Read the Bloomberg story
Hard Rock Hotels is reportedly considering building a hotel in downtown Nashville, Tenn. The prospective site of the hotel is under contract to be purchased by a group of investors. Read the American City Business Journals/Nashville, Tenn./ Real Estate Inc. story here
Major hotel chains are launching specialty brands to appeal to the boutique market with a focus on millennials or cosmopolitan travelers seeking modern designs and amenities. Brands include Marriott’s Moxy Hotels, Canopy by Hilton, Hyatt Centric and Radisson Red. Read The New York Times/The Getaway
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