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.
Pie Five Pizza Co. has awarded up to 55 franchise units to John “J.D.” Draper and John Draper II. The father-son team plans to introduce the concept throughout Michigan as well as to cities in Wisconsin, beginning this year. Read the FastCasual.com story here
Wanda Group, in partnership with Magellan Development Group, wants to build a three-tower, $900 million mixed-use project in Chicago. The interlocked structure would include a hotel, luxury condos and retail shops. The tallest tower would be 88 stories. Construction is expected to begin in 2016,
New York’s 321-room Loews Regency Hotel is completing its $100 million renovation and has announced six new Signature Suites. Each suite embodies a unique perspective and aesthetic, but together they represent a collective New York look and feel that Loews Regency has always evoked. Read
Miami became home to several new boutique and lifestyle hotels in 2014, and the trend is expected to continue with the luxury Faena Hotel and SLS lux Hotel expected to open in the next two years. Meanwhile, several large retail developments are underway in the
Wal-Mart has signed a lease for a long-planned store at Skyland Town Center in Southeast Washington, D.C. The retailer is a key part of a significant redevelopment project that has been in the works for more than a decade. Read The Washington Post story here
Philadelphia’s Four Seasons Hotel at One Logan Square is closing in June for renovations and a relaunch, according to owner Host Hotels & Resorts. The branding of the relaunch has not been disclosed, but Denver’s Sage Hospitality is handling the transition. Read The Philadelphia Inquirer
Del Frisco’s Double Eagle Steak House is coming to Orlando’s International Drive in fall 2015. Southlake, Texas-based Del Frisco’s purchased the former Sizzler’s building at 9142 International Drive and plans to open their upscale steakhouse at the location. Read the Orlando Sentinel story here
Meeting the expectations of the millennial generation will be even more critical to hoteliers over the next five years as the segment edges closer to surpassing the older generations in travel spending and volume, experts said. Read the HotelNewsNow.com story here
AC Hotels by Marriott, which opened its first U.S. hotel in New Orleans this past November, aims to attract millennial business travelers with its blend of trendy design and affordability thanks to being in the select-service category. Read the Skift story here
Dunkin’ Brands has signed a new agreement with U.S.-based franchisee Sizzling Platter to open about 100 Dunkin’ Donuts stores in Mexico City and several other towns in central and western Mexico. Dunkin’ previously had stores in Mexico from 1992 until franchise agreements were terminated in
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