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.
Twin River Casino, based in Rhode Island, completed its acquisition of the Hard Rock Hotel & Casino in Biloxi, Miss. The company paid $250 million for the casino, which offers 50 table games and more than 1,300 slot machines. A new 150-room hotel tower nearing
Retailers and centers in Arizona are embracing sustainability as well as lower energy costs by installing solar shades over parking lots and panels on roofs — a move that can create a sense of community between retail centers and consumers. Without government aid, however, the
Vantage Hospitality has agreed to buy America’s Best Franchising‘s six core brands, including their respective existing hotels. The sale includes hotels in the midscale, upper-midscale and economy segments that are operating under the America’s Best Inns & Suites; 3 Palms Hotels & Resorts; Country Hearth
Marriott International’s first U.S. hotel under its AC upper-midscale brand will be in New Orleans. The AC Hotel New Orleans Bourbon Street will open in the old Cotton Exchange Building in October. Additional AC hotels are slated to open next year in Miami and Kansas
Krispy Kreme is expanding past the doughnut business and may introduce sandwiches, lunch options and licensed products such as ice cream. Doughnuts will remain central to the brand as it expands to attract more health-conscious consumers. Read the USA Today story here
Established retailers including Stein Mart and Gabe’s are making plans to open their first stores in the Baltimore area. At the same time, growing chains are also eying the area, including Caffe Bene, a Korean chain that aims to take on Starbucks and Dunkin’ Donuts
The DoubleTree by Hilton hotel in Nashville, Tenn., has been sold to Walton Street Capital for close to $70 million. The 337-room property saw its occupancy and average daily rate increase over last year for the first five months of 2014. Read The Tennessean story
Southern California’s iconic La Quinta Resort & Club will receive a multimillion-dollar renovation that will be completed by this fall. Read the Travel Weekly story here
The 22-year-old Mall of America in Minnesota is in the midst of a remodeling project aimed at updating the interior and attracting new retail tenants. The 520-store shopping center is a tourist attraction for the area. The mall is also building a $325 million expansion
Quickservice restaurant owners are spending extra money to convert historic buildings into one-of-a-kind eating spaces such as Homegrown Sustainable Sandwich Shop‘s location in a bank built in 1911. Read the QSR Magazine story here
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