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 airport hotel, that bastion of utility and convenience for marooned travelers, is having a banner year. In the first four months of 2014, hotels in the United States situated near airports sold a collective 27.2 million rooms, a record, according to the hotel research
DiamondRock Hospitality has expanded its portfolio with hotel acquisitions in New York and in Key West, Fla. DiamondRock paid $127.2 million for the 282-room Hilton Garden Inn/Times Square Central and bought the 106-room Inn at Key West for $47.5 million. Highgate Hotels will manage the
Private and government projects alike contributed to a 1.8 percent jump in U.S. construction spending in July. That brought the annual rate of spending to $981.31 billion, the highest level in 5 1/2 years and the latest evidence of a revived housing market. Read the
Accessories retailer Claire’s will open branded shops inside some Toys R Us stores and start selling wholesale to other retail chains in a push to reverse U.S. sales declines. Same-store sales fell 2.9 percent in North America in the second quarter and rose 2.5% in
Yo! Sushi, the chain of Japanese restaurants, plans to launch 50 new stores across the United States over the next six years. The UK-based conveyor-belt sushi business will open two new sites in New Jersey and Florida by December this year, with a further restaurant
Getting a certification in sustainability can make a difference to a hotel’s bottom line, a new study from Cornell University shows. The study found average daily rates at Leadership in Energy and Environmental Design-certified hotels were $20 higher than non-certified hotels two years after certification.
The franchise chain Beef Jerky Outlet has opened 26 locations, fueled by the demand for its unique products, which include ostrich, kangaroo and alligator jerky. Management expects to open 35 stores by the end of the year, as well as an additional 75 to 100
A proposal has been filed with the city of Orlando, Fla., to redevelop a site leased by the Orlando Sentinel publication into a mixed-use property. The first phase of the project would include apartments, office and retail space and a parking garage. The second phase
Peet’s Coffee & Tea will open 16 stores in the Chicago market in the next few months, including a location opening today next to a Starbucks on North Michigan Avenue. Rivals including Starbucks and Dunkin’ Donuts already have a significant presence in the Windy City.
Wal-Mart forecasts a 4.1 percent sales rise at its stores in Mexico and a 7.6 percent increase in its Central America division. The retailer plans to build on a recent successful quarter in Latin America with a focus on increasing same-store sales, opening new stores
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