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.
Men’s Wearhouse and Jos. A. Bank ended their six-month merger dance with the announcement that the former would acquire the latter for $65 per share, in a deal valued at $1.8 billion. Jos. A. Bank, which began as the suitor when it made a $2.3
Gene Simmons and Paul Stanley of the rock band KISS plan to expand their Rock & Brews restaurant brand into Kansas and Oklahoma and have signed a franchise agreement for five new locations, with the first set to open in May in Overland Park, Kan.
Coastal Orange County will be getting a new upscale hotel, thanks to Pacific Hospitality Group and R.D. Olson Development. The JV has released plans for its latest hotel project, an eight-story, 250-room hotel facing the ocean that will be part of the Pacific City development
Some rebuilding in Joplin, Mo., started one day after the devastating tornado that hit the town on May 22, 2011. Since then, close to $1 billion has been spent in reconstruction and new building efforts — the largest of which is the rebuilding of Mercy
Restaurants accounted for 21,200 of the 175,000 new U.S. jobs created in February, marking the 48th consecutive month of job growth in the industry. A National Restaurant Association report shows that February’s payroll gains outstripped expectations, and suggest that the downtick in growth was more related
Johnny Rockets is moving into aggressive franchisee recruitment mode as it moves forward with plans to open 200 to 300 new units in the next three to five years. Read the FastCasual.com story here
The Hilton Austin is investing $21 million in upgrades as competition in the Austin hospitality marketplace ramps up. The renovations to the hotel’s 800 guest rooms, suites and an executive lounge should be complete by mid-summer. Read the American City Business Journals/Austin story here
The Cordish Co. announced plans for a $261 million complex in Louisville, Ky., that includes a luxury hotel, apartment space, retail outlets and a grocery store. Omni Hotels & Resorts, a partner in the venture, will develop the 600-room hotel. Construction is expected to begin
A study by STR and Tourism Economics projects that the growth of revenue per available room will decline to 5.3 percent this year and 4.7 percent in 2015. Read the TravelPulse story here
Le Meridien Hotels & Resorts has 11 hotels slated to open across the globe in the next 12 months. The properties include the Le Meridien Suvarnabhumi, Bangkok Golf Resort & Spa in Thailand; the Le Meridien New Orleans; and the Le Meridien Mahabaleshwar Resort & Spa
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