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.
The Park Lane Hotel in New York has been acquired by developer Steven Witkoff and partner Jynwel Capital for $660 million. Witkoff said he is considering several options for the hotel, including renovation and redevelopment. Read the Crain’s New York Business story here.
Accor has unveiled a reorganization plan for the company that would separate it into two business units. The HotelServices unit will function as a franchisor and operator of 3,600 properties in Accor’s portfolio. The HotelInvest unit will focus on investments in hotel assets and will
KFC will bring its KFC Select concept to Canada this month, opening the fast-casual concept in Toronto with a menu of fresher fare including rice bowls and grilled chicken burritos. The chain has seen its Canada sales decline in recent years, in part as a
Hyatt Hotels is looking to innovate in the all-inclusive space with its two new brands — the Hyatt Ziva and the Hyatt Zilara — particularly in the F&B department and with guest engagement during the post-booking period. Hyatt’s third all-inclusive property, the Hotel Ziva Rose
The Berkowitz Development Group intends to build Miami’s tallest structure. SkyRise Miami would be a 1,000-foot observation tower that would include a restaurant and other attractions. The project, which could cost as much as $400 million, is scheduled to begin in 2014 and will have
Denny’s has opened its first nontraditional military base restaurant at Nellis Air Force Base in Las Vegas. Read The State story here.
The construction industry in Boston was hammered by the recession, but now it’s getting back on its feet. The industry has been surging since August 2012, and the numerous cranes visible in the city’s skyline have become a sign of its resurgence. Read The Boston
The Hyatt Regency Waikiki Beach Resort & Spa will undergo a $100 million renovation beginning in mid-2014 that will cover all of the hotel’s 1,229 rooms. Hyatt executives said the multiphase project will likely take 18 months to complete. Read the Travel Weekly story here.
Wyndham Hotel Group has a new hotel prototype for its extended-stay brand Hawthorn Suites by Wyndham. The design offers an approximate 46 percent in savings compared to the previous prototype, lowering the cost for hotel owners to develop a new Hawthorn Suites property. The overall
Although it doesn’t have the money needed for a high-speed rail line, the Texas Department of Transportation has conducted feasibility studies of a line that could connect Houston and Dallas. It found that the project could use existing rights of way along major highways. Some
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