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 One Main Place skyscraper in Dallas is set to add a 323-hotel room on its top 10 floors as part of its remodeling. The planned Westin hotel will include meeting space and a restaurant and bar. Read The Dallas Morning News story here
Construction of a 94-room Hampton Inn & Suites in Glendale, Calif., has begun. Developer R.D. Olson Construction expects to finish construction in 2016. Read the GlobeSt.com story here
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
The 440-room Crowne Plaza St. Louis Hotel has been sold to 200 STL Holdings for an undisclosed amount. The new owner plans to convert the 29-story building into a mixed-use structure that includes a 140-room boutique hotel and 300 units of residential space. Read the
The All Inclusive Collection seeks to build on double-digit demand growth in 2014 by expanding its portfolio with 2,900 additional rooms over the next two years. Hotel officials says that as of now it plans for another Hard Rock property of 1,800 rooms in Riviera
The pace of hotel transactions activity in 2015 is likely to be as brisk as last year, with real estate investment trusts seeking opportunities alongside foreign wealth funds and private equity firms. Read the Hotel Management online story here
Some hotels in the Western United States 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
Illinois Gov. Bruce Rauner issued an order to the state’s agencies saying they could not award any contracts unless his administration gave the OK. That halted some of Move Illinois, a $12.1 billion project to rebuild and widen roadways. However, Rauner has told the Illinois
The hotel at Veterans Memorial Boulevard and Interstate 10 in Metairie now has new owners, on the heels of its conversion to a new flag. OM Capital NOLA LLC acquired the 220-room hotel last month for $11.9 million, according to public records. The sale was
Kinseth Hospitality plans to build a 144-room Hilton Garden Inn Hotel in Iowa City, Iowa, and is seeking financial assistance from the city. The $33 million hotel would include a rooftop food-and-beverage area and an events center. Read the Iowa City Press-Citizen story here
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