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.
As it embarks on an aggressive expansion campaign, look for Dunkin’ Donuts to add more outlets in the Buffalo Niagara region. Read the American City Business Journals/Buffalo, N.Y. story here.
Remark Hospitality Development plans to convert the former School for Creative and Performing Arts in Cincinnati into a 147-room hotel. The hotel will open under the AC Hotel by Marriott brand. Read the American City Business Journals/Cincinnati story here.
The Four Seasons Hotel Atlanta has been sold to an undisclosed buyer for $62 million. The sale was in line with former owner Host Hotels & Resorts‘ plan to divest assets in “non-target markets.” Read The Atlanta Journal-Constitution story here.
Sixty Hotels, formed from the exit of Thompson Hotels from Commune Hotels & Resorts, will seek to strengthen its portfolio and brand identity alongside the evolution of the boutique segment to encompass a wider range of customer demographics. Sixty Hotels identified New York, London, Los
A TripAdvisor report finds that most customers expect luxury hotels to be sustainable — eco-friendly lodging options are not a niche anymore. In fact, 62 percent of people expect hotels to have a green program in place, and just 17 percent say they would pay
The U.S. Postal Service opened the first of 82 planned test units inside Staples stores that aim to boost business for the agency. The shops, which follow a shipping deal with Amazon, will sell most post office products and services and will be the exclusive
The Florida Keys is a hot investment target due to robust occupancies, RevPAR and relaxed ordinances. Two public real estate investment trusts and one private REIT have purchased almost $425 million in hotel assets in the market since May. Read the HotelNewsNow.com story here.
Exactly seven years after the Mohegan Tribe launched Pennsylvania’s gambling industry, it is cutting the ribbon on a $50 million expansion that tribal leaders hope will position the state’s oldest casino for growth in a maturing market. Read the Greenwich Time/The Associated Press story here.
McDonald’s will spend about $3 billion next year to open new restaurants and remodel existing ones, while also investing in features such as new preparation tables and a third drive-thru pick-up window to speed service. The company will roll out a new system at all
Deals activity in the resort and luxury lodging sector is booming as investors seek to capitalize on the improving outlook on travel, according to Jones Lang LaSalle’s Hotels & Hospitality Group. The group said 18.4 percent of all hotel transactions year-to-date through August came from
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