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.
LW Hospitality Advisors‘ 2013 Select Major U.S. Hotels Sales Survey reports that the number of single-asset hotel sales priced at more than $10 million each rose to 154 in 2013, compared with 107 in 2012. Dollar volumes in 2013 were up 85 percent from the
Hotel companies are building new brands aimed at catering to the Millennial demographic with more social spaces, free Wi-Fi and technology features designed to appeal to the device-obsessed. Thompson Hotels debuts its Tommie brand next year featuring reading rooms and a gourmet casual dining experience,
Tilted Kilt Franchise Operating is partnering with Sandwell restaurant group to bring the Tilted Kilt Pub & Eatery—its jocular, Celtic style sports pub—to Omaha. Read the FSR magazine online story here
R.D. Olson Development attributed the rise in lucrative hotel deals along the West Coast to the region’s strong performance, which has risen to 2007 levels. R.D. Olson said the coastal markets have come back pretty robustly, driven largely by the economy turning around. It also expects
Dollar General has big plans for 2014, including a “life-cycle remodeling” program for its smallest stores, a renewed focus on SKU productivity, a reduction in costs to allow for reinvestment and the establishment of 700 new stores. The company says it will reduce costs by
Sweden-based fast-fashion retailer H&M‘s new store openings averaged more than one per day during the past year, and the retailer plans to rack up a similar number of openings in the coming 12 months. H&M will enter new markets including Australia, India, and the Philippines,
Hotel occupancy is predicted to increase to pre-recession levels this year and continue growing in 2015, which would mark six straight years of occupancy gains, PKF Hospitality Research‘s March 2014 Hotel Horizons report shows. The report also projects that hotel supply is unlikely to exceed
Schimenti Construction Company is in the midst of building its first project for Aritzia, an innovative women’s fashion boutique. Located at The Westchester in White Plains, N.Y., the store is a 5,520-square-foot buildout in a premier shopping location. The Westchester Aritzia will feature a polished
Red Lion said it will continue to focus on the West Coast, saying there are major opportunities and that business remains strong. Read the Hotel Management online story here
Marriott continues to expand its global footprint through franchising efforts, with the company’s limited-service and extended-stay brands leading the way. Marriott also also sees success expanding its new Moxy brand in Europe, with nearly 30 sites tagged for potential openings, and is working to grow
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