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 partnership that includes hotel firm InterMountain has unveiled plans to build a 163-room hotel in Sunnyvale, Calif. A brand has not yet been selected, but the property is expected to be in the select-service segment. Read the American City Business Journals/San Jose, Calif. story
Third Coast Development plans to build a $27 million Hampton Inn & Suites hotel in Grand Rapids, Mich. Lodgco Management has been tapped to manage the 142-room property, which will offer free internet, a fitness center, an indoor pool and a multilevel parking garage. Read the
Summit Hotel Properties has agreed to acquire the 210-room DoubleTree by Hilton Hotel San Francisco Airport for $39 million and said it would invest $4.1 million in property upgrades. The company is also buying a 211-room Hampton Inn & Suites property in Minneapolis for $37.7
Mediterranean-style fast-casual chain Zoe’s Kitchen has filed plans with regulators to go public in an IPO that could raise up to $80.5 million. The 19-year-old chain operates 111 restaurants in 15 states and had $116.4 million in revenue last year. Read the Reuters story here
Sheraton Hotels has 35 new properties set to open over the next 12 months, including some in emerging markets such as Kazakhstan, Samoa and Tajikistan. The hotel firm expects to open 23 hotels in the Asia Pacific region by February 2015. Read the TravelPulse story
The $1.8 billion makeover of Interstate 595 in Florida is nearing completion, and the opening of reversible express lanes is expected later this month. The project, which aims to improve traffic flow, is a public-private partnership between the state’s Department of Transportation and I-595 Express,
A 172-room Aloft hotel is set to open in Secaucus, N.J., in mid-2016. The property will include a fitness center, 3,000 square feet of meeting space with high-tech amenities and an indoor splash pool. As part of a rebranding effort, the Aloft hotels have launched
Chicago’s overall hotel market saw a jump in revenue per available room last year, new hotels are now under construction, and the market is attracting a broader array of tourists, leading to an overall optimistic picture for experts. Read the HotelNewsNow.com story here
Meijer Inc. plans to expand its footprint into Wisconsin rapidly. Meijer said he expected the Michigan retailer to open 10 to 12 stores a year, and a significant number of those will be in Wisconsin over the next several years as the company expands beyond
Whitbread plans to open Hub by Premier Inn St. Martin’s Lane, its first property under the new Hub by Premier Inn brand, in London in the third quarter. The company plans to open up to 8,000 Hub rooms in the Greater London area. The brand’s amenities
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