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.
Concord Hospitality Enterprises has sold a portfolio of 13 hotels to an unnamed buyer for $240 million. The select-service properties that changed hands are in Ohio, Pennsylvania, Maryland, New Jersey, Texas and Illinois. Concord will retain management of all the hotels. Read the HotelsMag.com story here
Ann Inc., parent of Ann Taylor and Loft stores, has opened its first freestanding Lou & Grey store, in Westport, Conn., according to Women’s Wear Daily. The Lou & Grey brand is billed as a relaxed mix of street wear and lounge wear in neutral
Citing a need for upscale hotel space, the University of Maryland plans to create a four-star luxury hotel and conference center near the school’s main entrance. The $115 million project is expected to create more than 350 permanent jobs in addition to temporary construction jobs and
Hartsfield-Jackson International Airport is studying the idea of building an airport hotel, either inside or connected to the domestic terminal. Read The Atlanta Journal-Constitution story here
Rockbridge Capital has acquired the 166-room Cliff House Resort & Spa in Cape Neddick, Maine, in a joint venture for an undisclosed sum. The new owners said they plan to renovate the historic property, which includes 13,000 square feet of meeting space, a lap pool
Austin, Texas-based Mama Fu’s Asian House debuted a smaller footprint unit focused on feeding a growing demand for takeout and delivery. The chain, whose 18 flex-casual eateries offer fast-casual during the day and full-service for dinner, debuted the smaller concept in its home market on
In less than six months, luxury hotelier Montage has expanded from three properties to five properties and is already envisioning more. Montage Hotels and Resorts is developing a property in Los Cabos, Mexico, and is planning additional properties, each attuned to the local culture through
Simon Property Group is preparing a major renovation at one of its Atlanta-area retail centers, Phipps Plaza. It plans to make improvements in lighting, paint and seating, and install WIFI and a concierge service center. The project will also feature 320 luxury residential units and a
Rita’s Italian Ice has awarded franchise and area development agreements for Kansas to franchisees Jay Miller, Jeff Miller and Pat Reilly. Read the QSRWeb.com story here
Gemini Hotel Estate Advisors has acquired the Best Western Plus Seaport Inn in New York and the Hotel18 in Miami Beach, Fla. Gemini said both properties would be reflagged under its Jade Hotel brand. Read HotelsMag.com story here
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