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.
U.S. restaurant sales are on track to grow 3.8 percent to a record high of $709.2 billion in 2015, according to the NRA‘s Restaurant Industry Forecast. Employment at America’s eateries will grow about 3.2 percent this year, the report said, and restaurants are seeing competition
Starwood Hotels & Resorts Worldwide expects to continue the growth of Starwood’s North American portfolio this year, with a focus on specialty-select brands, including Aloft, Element and Four Points by Sheraton. Read the TravelPulse story here
Cities in the Midwest, particularly secondary markets, are becoming targets for growth among hotel developers and brands. Recent activity include Al Habtoor Group‘s purchase of the President Abraham Lincoln Hotel in Springfield, Ill., and a project by Jackson Street Management to convert a six-story office building
Some hotels in the Western U.S. are dealing with a drought that has plagued the area for years by taking steps to develop more sustainable practices. CityCenter in Las Vegas, for example, has its own plant that produces hot water and some of the site’s
Boston hotels are on a renovation binge, updating interiors and installing new technology for guests. Read The Boston Globe story here
Developer Glenn Straub plans to build a megaresort with water park at the former Revel Casino-Hotel in Atlantic City, New Jersey. The project’s water park would be valued at $108 million and include indoor and outdoor sections. Straub also said he wants the complex and
Japanese fashion retailer Uniqlo will open its first two stores in Canada, in Toronto, in 2016. The retailer operates 1,500 stores in 16 countries including the United States.” Read The Toronto Star story here
Sixty Hotels is transforming an existing building in Montreal into a 120-room luxury hotel. The hotel will be the brand’s first international property and the first to feature residential units. Read the New York Post story here
Marriott International is buying Canadian hotel firm Delta Hotels and Resorts for $135 million. Upon completing the deal, Marriott will add Delta’s 38 hotels in more than 30 cities to its portfolio in Canada, bringing up its total footprint there to 27,000 rooms in more
Demand for hotel rooms in Portland, Ore., has grabbed the attention of hoteliers, with a 73.5 percent occupancy rate for 2014 as of November. The city had revenue per available room of $85 for the same period, with almost 500 rooms in its pipeline. Read
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