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.
Amid subpar revenue-per-available-room increases and lagging supply growth in the upper-midscale and midscale hotel segments, hotel operators including Wyndham Worldwide, InterContinental Hotels Group and Choice Hotels International have launched new design prototypes in the hopes of capturing the interest of prospective developers. Read the Travel Weekly
Summit Hotel Properties sustained a brisk transactions pace in 2013, having bought 19 hotels with a total of 3,033 rooms, and now plans to spend 2014 absorbing its newly acquired hotels into its portfolio. Read the HotelNewsNow.com story here
Huntsville, Ala., is getting a new luxury hotel to anchor Constellation, an office-retail-housing complex downtown. The $180 million project will house a large luxury hotel, as yet unnamed, at one end of what the project developer says will be a “ground-changing project for downtown Huntsville.”
Texas-based Brookshire Brothers has acquired the 25-store Waldrip-family-owned David’s Supermarkets chain in north and central Texas. Brookshire Brothers plans to convert 15 of the David’s stores to Brookshire Brothers banners, while nine will retain the David’s or David’s Express banners and one will continue as
Pocono Mountains Visitors Bureau is touting three resort construction projects under way in Pennsylvania. Camelback Mountain Resort‘s $163 million expansion in Tannersville, Kalahari Resorts & Conventions‘ $350 million resort in Tobyhanna Township and Blue Mountain Ski Area and Resort‘s more than $25 million project in
U.K. supermarket chain Tesco will team with Retail Group of America to open F&F fashion stores in the United States, a market it exited a year ago after selling its money- losing Fresh & Easy markets. The partners plan to open seven East Coast stores
Online florist and gift retailer 1-800-Flowers is expanding its network of franchised brick-and-mortar stores in 10 U.S. markets, including the Boston area where it has one store and plans to add about 10 more. Last year, the company’s 8.7 million online and phone orders were
MGM Resorts has entered into a joint venture with Hakkasan Group to expand the company’s luxury nongaming hotels worldwide, with branding options including Bellagio, SKYLOFTS and MGM Grand. The MGM Hakkasan Hospitality joint venture will oversee all projects that the two firms are working on,
Villa Enterprises has signed a deal with Chicago-based General Growth Properties Inc. to open 40 Villa Italian Kitchen restaurants in regional malls throughout the United States. Read the PizzaMarketplace.com story here
Shoe retailer DSW has paid about $62 million for a 44 percent stake in Canada’s Town Shoes, a move that gives the U.S.-based retailer its first presence north of the border, according to a Wall Street Journal story.
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