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.
Several casinos in Las Vegas have partnered with national hotel chains, in efforts to boost hotels’ loyalty programs and casinos’ images as luxury resort destinations. MGM Resorts International announced a partnership with Hyatt last year, with Caesars Entertainment Corp. following suit later in the year
Nashville has seen “really strong performance” in its hotel industry in recent years. The city is showing increases in both occupancy and hotel revenue. Read the Hotel Interactive story here
Drawn to a newly resurgent downtown, hotels have been flocking to Phoenix and one expert believes the market, with a combined 60 percent occupancy rate last year, is now over saturated. Central Phoenix is home to more than 3,000 hotel rooms and another 500 are
The country added 175,000 non-farm jobs in February, according to recent data from the Bureau of Labor Statistics. This was above what economists had expected. The construction sector added 15,000 jobs in the month. The unemployment rate rose to 6.7 percent from 6.6 percent. The
Florida and Texas are each looking into high-speed rail for their states. However, these projects would be paid for with private funds and have garnered public support, unlike California’s $68 billion project that relies heavily on government funds. The proposed 200 mph Dallas-Fort Worth to
Checkers, the fast food chain known for seasoned fries and double drive-thrus, plans to open as many as 50 more company-owned restaurants in South Florida over the next five years. Read the Sun-Sentinel story here
The 40-story New Yorker Hotel in Manhattan has now become part of the Wyndham Hotel Group. The New Yorker has just wrapped up a renovation and is upgrading its 1,083 guest rooms. It will be the largest Wyndham Hotel property. Read the HotelsMag.com story here
The 443-room Allerton Hotel in Chicago has been sold to Paris-based Warwick International Hotels for an undisclosed sum. The new owner said it will rename the property as the Warwick Allerton Hotel, Chicago, and is studying options to revive the property’s famous top-story “Tip Top
DineEquity is developing a fast-casual concept that the company will test within existing IHOP restaurants. The move comes as fast-casual growth outpaces the family-dining segment and IHOP explores expansion opportunities into nontraditional spaces such as airports and college campuses. Read the CNBC story here
Starwood Hotels & Resorts Worldwide is aiming for 60 new hotel openings across Europe by 2020 — a nearly 40 percent increase in its portfolio, with an eye on favorable growth conditions in countries such as Turkey and Russia. The hotel firm said it has nine
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