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 owners of Dallas-based frozen yogurt chain Red Mango have formed a new company called Brix Holdings, which will operate Red Mango and also acquire and expand smaller brands. The company has acquired Smoothie Factory and RedBrick Pizza, two older chains that it plans to
Developers have announced plans to build a boutique Archer brand hotel in the Domain mixed-use area in Austin, Texas. Work on the 168-room property is expected to begin in the fall. Read the Austin American-Statesman story here
The Lodging Industry Investment Council‘s annual survey of senior hospitality executives indicates that the hotel industry is expected to undergo an extended investment cycle amid declining equity rates and increased transactions activity across the United States. According to the report, 98 percent of hotel leaders
Carvel has opened the first of 20 planned stores that will feature an updated design created to show off the brand’s diverse ice cream offerings, and it includes an entire wall devoted to ice cream cakes. The company plans to roll out the new footprint
Great Lakes Capital has acquired 11 retail shopping centers totaling 150,000 square feet in Indiana. The South Bend-based private equity firm plans to enhance the properties and lease them up to full occupancy. Read the South Bend Tribune story here
The James A. Haley VA Medical Center in Tampa has created American Heroes’ Cafe, the first on-site restaurant at a U.S. VA hospital, to offer dining options for the military personnel and veterans who may call the place home for months. Read the Tampa Bay
Nashville Hospitality Capital is moving forward with plans to build the first Westin Hotel in Nashville, Tenn., after securing equity required to finance the $110 million project. The hotel is expected to open in 2017 and will include 430 rooms, 25,800 square feet of meeting
Subway will find room to add 7,000 or 8,000 new U.S. restaurants in the next 10 years, adding to the current count of 26,600. The chain has begun testing hummus as a topping at about 1,000 stores, to appeal to health-conscious consumers. Internationally, Subway has
Carlson added three luxury hotels to its portfolio recently. The hotels are in London, Scotland and Kuwait, and are part of the company’s Quorvus Collection. The group company said it will eventually include 20 luxury hotels by 2020. The group, which owns most of its
Darden Restaurants closed two of its six combination Olive Garden–Red Lobster locations and will convert the other four into standalone Olive Garden restaurants, in anticipation of the company’s plans to sell or spin off Red Lobster. The Orlando-based company began opening the co-branded locations in
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