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.
American Realty Capital Hospitality Trust has closed on a $106.5 million acquisition of interests in six hotels located on the East Coast from seller Barcelo Crestline. The deal is ARC’s first acquisition and represents the type of assets it plans to target going forward. Read
Destination XL Group, the largest retailer of big and tall men’s apparel and accessories, will open its first Manhattan store in Chelsea. The shop — which offers an “upscale shopping experience catered to the specific needs of the big and tall men” consumer — is
Construction of a $51 million hotel and conference center in Olathe, Kan., is expected to begin soon. The Embassy Suites & Conference Center project will include a 200-room hotel beside a 25,000-square-foot conference center. The property is expected to open next year. Read the American
The hotel industry has at least two more years of growth ahead of it and hoteliers should seize the opportunity to drive their profitability, according to experts during the opening panel of the 26th Hunter Hotel Investment Conference in Atlanta. Data from TravelClick show committed
Aloft Hotels is looking to open its first property in Australia by 2016. The Aloft Perth Rivervale will include 224 loft-style rooms, the brand’s signature W XYZ bar, a full-service restaurant, a fitness center, a swimming pool and 6,000 square feet of conference space. Read
Dairy Queen has announced its official entry into New York with the scheduled opening of its Manhattan restaurant this spring. Located at 54 West 14th St. between 5th and 6th Avenues, this new restaurant will be the first ever two-story DQ Grill & Chill restaurant
A 225-room luxury hotel will be built in Houston as part of a redevelopment project on the former Houston Pavilions site. The property is scheduled to open in third-quarter 2016 to capture an expected demand surge from the Super Bowl in 2017. Read the American
Capital District and Flaum Management are seeking to build a $300 million casino resort in Albany, N.Y. The project would include a 40,000-square-foot indoor water park, a 275-room resort-style hotel and a 63,000-square-foot casino. Read the Daily Gazette story here
The 279-room Claremont Hotel Club & Spa in Berkeley, Calif., has been sold to FRHI Hotels & Resorts, parent firm of the Fairmont Hotels brand, and investment banker Richard Blum. The sale price was not disclosed but was speculated to have been $155 million, or
InterContinental Hotels Group has unveiled a new brand prototype for Holiday Inn Express. Amenities include rooms with flexible workspace, luggage storage and movable seating, and a Great Room in the lobby with meeting space and an open business center. IHG plans to open the first
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