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.
A 204-room hotel AC Hotel by Marriott has been proposed in Portland, Ore. Developer Mortenson Construction is in talks with the Portland Development Commission, which owns the site of the planned hotel. Read The Oregonian story here
The 25 largest hotel markets in the United States, which account for 31.5 percent of the total U.S. room supply, sold a record 401 million room nights in the 12 months ending in June, according to STR. The 12-month moving average of demand growth was
Meliá Hotels International plans to open an ME by Meliá hotel in Miami. The hotel will be the brand’s first property in the United States The former Casa Moderna and Tempo is set to reopen in 2015 as the 129-room ME Miami, with remodeled public
Nashville, Tenn., is slated to have its first Thompson hotel with the planned opening of the Thompson Nashville in 2016. Plans call for a 224-room property with a rooftop bar and a ground-floor restaurant. Read the Travel Weekly story here
Meliá Hotels International plans to open an ME by Meliá hotel in Miami. The hotel will be the brand’s first property in the United States. The former Casa Moderna and Tempo is set to reopen in 2015 as the 129-room ME Miami, with remodeled public
Miami is leading Florida’s statewide retail development, as major projects from Taubman Centers and Swire Properties are in the works. CBRE predicts that rental rates in Miami will increase by 37 percent in the next five years, with markets such as West Palm Beach seeing
Starwood Hotels & Resorts Worldwide is opening the Element Harrison — Newark, the brand’s second hotel in the state of New Jersey, joining its Ewing-Princeton property. Read the GlobeSt.com story here
Meeting spaces at the MGM Grand resort in Las Vegas have been overhauled to include health and wellness elements under MGM Resorts‘ Stay Well initiative. The spaces now feature a high-tech air purification system, posture-improving floor mats, nature-emulating lighting, aromatherapy and healthy food options. Read
PwC US has revised its forecast for U.S. hotel occupancy rate in 2015 to 64.8 percent — the highest level for the metric since 1995. The group is projecting a 6.9 percent increase in revenue per available room — down from 7.6 percent in 2014
A new study by a professor at New York University estimates that $2.25 billion in hotel revenue this year will come from fees and ancillary services — 6 percent higher than last year and almost twice what was seen 10 years ago. Since the introduction
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page