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 500 largest restaurant chains in the United States are on track to grow 2.3 percent over last year based on the number of units, according to Technomic. Full-service eateries will see the biggest unit growth in Asian concepts, seafood eateries and steakhouses, the report
Forever 21‘s strategy of growing into spaces three times as big as their older stores has led to difficulty filling all the space productively, sources said. Founder and CEO Don Chang will take a more measured approach to site selection moving forward, a Forever 21
Chatham Lodging Trust has completed a deal to buy a stake in 52 U.S. hotels for $1.1 billion from Inland American. The transaction included Chatham’s direct acquisition of four hotels for $107 million. Chatham’s acquisition brings the company’s minority ownership total to 96 hotels and
Landry’s will buy 18 Mitchell’s Fish Market restaurants and three Cameron’s Steakhouses from Ruth’s Hospitality Group. Ruth’s, which paid $92 million for the eateries in 2008, will focus on building its Ruth’s Chris Steak House concept. Read the Nation’s Restaurant News story here
Developer Baywood Hotels said the 12-story hotel it plans to build on top of the former Warner Bros. building in Philadelphia will be an AC Hotel by Marriott. Plans for the property include underground parking, a dining area and green amenities to help it achieve LEED
Downtown Miami’s development will get a boost from a planned 27-acre project that combines a luxury hotel, residences and high-end retail. The CIM Group, Falcone Group and Centurion Partners plan next year to launch the project, which includes a Marriott Marquis hotel, in an area
Hard Rock Hotels plans to grow its portfolio to 100 properties by 2020 with a focus on regions where it has already established a foothold, including the United States, the Caribbean and Latin America. The 300-room resort with an indoor ski facility announced for Grand
Doubletree by Hilton brand is set to welcome 150 additional hotels worldwide, with most expected to open over the next three years. Conversion projects on nonhotel properties and new builds will make up about 80 percent of these new properties, with about 70 percent to
JW Marriott is boosting from 450 to up to 600 the number of hotel rooms at the downtown Nashville, Tenn., hotel it’s building, part of a $350 million development that includes an office building. The 35-story Marriott, to open in 2017, will become the city’s
Zoe’s Kitchen Inc. announced the completion of the acquisition of three Zoës Kitchen restaurants, two restaurants under development and area development rights in Louisiana from a franchisee for approximately $8.0 million in cash. Read the FastCasual.com story here
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