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 project that would raze the Fenway Hotel in Dunedin, Fla., and build a luxury, Mediterranean-style waterfront hotel that looks similar is moving ahead, following a delay last year. Read The Tampa Tribune story here
A Washington-based hospitality group entered the San Francisco hotel market recently when it acquired the Hotel California, a 101-year-old, 83-room hotel at the corner of Geary Boulevard and Jones Street. Read the American City Business Journals/San Francisco story here
The latest “Trends in the Hotel Industry” report by PKF Hospitality Research indicates that hoteliers will continue to see double-digit growth in yearly net operating income through the end of next year. Unit-level net operating income is projected to increase 12.4 percent this year and
Fresno’s Deli Delicious sandwich shop has come a long way since opening its first shop at Bullard and Blackstone avenues in 1996. The franchise now has 20 stores, including its latest location in Citrus Heights near Sacrament. The specialty subs maker is continuing its Sacramento
Checkers Drive-In Restaurants, the privately-held burger chain that started in the South and boasts of serving bigger portions and bolder flavors, is aiming to expand in Michigan, adding as many as 50 more restaurants and hundreds of jobs within the next few years. Read the
After the Thompson Hotel founders split from Commune Hotels, they managed to walk away with most of their NYC properties, save for Gild Hall and Smyth Tribeca. The other properties have since been rebranded as Sixty Hotels. Read the HotelChatter story here
Nearly 200 of 339 metropolitan areas saw an increase in construction employment between March 2012 and March 2013, according to an analysis of data by the Associated General Contractors of America (AGC). However, AGC is concerned that increase could stall if the Highway Trust Fund
Hyatt Hotels plans to add 10 properties, all under the Hyatt Place brand, to its portfolio in Mexico and Central America through a master development deal reached between an affiliate and LATAM Hotel Corp. The first five hotels will be in Nicaragua, Gauatemala, El Salvador and
The land in Nashville, Tenn., on which Virgin Hotels plans to open a 240-room hotel has been acquired by NV Music Row, which is led by the hotel’s developer, D.F. Chase. The three parcels of land in Nashville’s Music Row were acquired for $6.35 million.
New Jersey is expected to receive more than $1.1 billion in aid from the Federal Emergency Management Agency for its recovery efforts related to Hurricane Sandy, according to new data. The state has thus far received roughly 43 percent, or about $494 million, of the
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