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.
National Development plans to build a 152-room hotel in Medford, Mass., as part of its mixed-use Station Landing project. The property is expected to open in 2015 as an AC Hotel by Marriott that includes a swimming pool, a bar and meeting space. Read The
Chilean hotel chain Atton Hotels is making its U.S. debut in Miami, where it has broken ground on a property catering to middle-market business travelers. The 12-story Atton Brickell Hotel will be centered in the city’s downtown, which in recent years has seen an influx
The Cambria Suites brand will be renamed Cambria Hotels & Suites as part of a planned brand refresh by parent firm Choice Hotels International. The brand refresh will also include a new design prototype aimed at driving growth in urban markets. Read the HotelsMag.com story
Sbarro LLC, the 800-restaurant U.S. pizza chain, won court approval to leave bankruptcy for the second time in three years after resolving objections from landlords. Read the Bloomberg Businessweek story here
Brookfield Asset Management has closed on the purchase of hotel-investment firm Thayer Lodging Group for an undisclosed amount. Thayer Lodging owns 12 hotels worldwide, including the Ritz-Carlton San Francisco, four Miami properties and the Hilton Los Cabos Beach & Golf Resort in Cabo San Lucas,
La Posada de Santa Fe has become the first New Mexico hotel to join Starwood Hotels & Resorts’ Luxury Collection. Read the Travel Weekly story here
Looks like a new 8-story, 175-room hotel is looking to find a home on north International Drive. Le Royal International Development LLC, owner of 3.5 acres of land at 5360 International Drive, will seek approval for a nearly 199,000-square-foot Hyatt House hotel from the Orlando
B.F. Saul has acquired 6.7 acres in Rockville, Md., for $62.5 million. The property, Twinbrook Metroplace, includes a 99,205-square-foot shopping center but has approval from Montgomery County for the development of a 1.1 million-square-foot mixed-use project. Read the American City Business Journals/Washington, D.C./Breaking Ground blog
The race to gain the loyalty of the booming millennial business market in the U.S. is underway, and Marriott is counting on its joint venture with AC Hotels help it take the lead. AC Hotels by Marriott‘s first property is scheduled to open in New
A number of hotel firms, including MGM Resorts, Belmond and Pullman Hotels & Resorts, are tweaking marketing efforts to attract a growing number of corporate travelers who are adding leisure elements to their business trips. Conferences are a common target amid the growing “bleisure” trend,
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