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.
Kimpton Hotels can be found all over the West Coast, especially in San Francisco where the company originated, but right now, they are ramping up their Pacific Northwest properties. The chain recently announced plans to open a 97-room hotel in Seattle by late 2014. It
In a $125 million deal, Ultima Hospitality acquired the Westin San Francisco Airport and the Aloft San Francisco Airport from Starwood. Capital improvements are planned for the Westin, and both hotels will shift to a franchise structure. Read the HotelsMag.com story here.
Data from the U.S. Census Bureau show an increase of nearly 30 percent in hotel construction spending, to $15.2 billion, through July. New-build development is on the rise, with STR data as of September showing 333,775 hotel rooms in the planning, final planning and construction
InterContinental Hotels Group signed 101 hotels during the third quarter, bringing its global pipeline to 1,102 properties comprising 180,000 rooms. The company’s new hotel rooms opened during the third quarter numbered 8,000 in 59 new properties. Global revenue per available room was up 3.3 percent.
Darden Restaurants continues its aggressive expansion of LongHorn Steakhouse in the opening of its latest Phoenix area location. The metro’s fifth LongHorn Steakhouse is near the Desert Sky Mall. Read the American City Business Journals/Phoenix story here.
Hotel development is ramping up along Clearwater Beach in Clearwater, Fla., as developers rush to capitalize on the eased financing environment and steady room demand in the area. New hotels in development include a 171-room Hampton Inn & Suites, a 202-room property to be built
There are $1.4 billion worth of transportation recovery projects ongoing in New York, New Jersey and other states hit by Superstorm Sandy last year. Roads, tunnels, bridges and transit lines were all affected and need repairs. Read the BetterRoads.com story here.
IHG‘s Hotel Indigo has been around for a decade now and boasts 52 properties. The company says it is expanding but quantity is not the focus of that growth. Read the HotelsMag.com story here.
Target will open 33 more stores in Canada next month, to end the year with 124 locations north of the border. The retailer still is finding its footing in the country as it works to keep shelves stocked in Canada since opening its first stores
A retractable roof will top the new $1.2 billion Atlanta Falcons stadium. The “first-of-its-kind” structure will have eight panels traversing along octagonal tracks. In addition, seats are absent in part of the stadium so that there is a “window to the city.” Read the American
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