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.
Summit Hotel Properties is buying four hotels in Southern California and Houston. The purchases, which are scheduled to close by the end of the year, total $96.5 million. The California hotels are Hampton Inn & Suites properties in Goleta, Camarillo and Poway. Summit is also
The Hotel Duval in Tallahassee, Fla., is being sold to Schulte Hospitality Group for $23 million. Seller Hunter & Harp acquired the hotel in 2007 for $4 million and invested $10 million in renovations. The deal is expected to close in October. Read the Tallahassee
GE Capital’s Franchise Finance business has provided a $100 million credit facility to finance qualified Wendy’s franchisees who want to update their restaurant in the brand’s new “Image Activation” design. Read the QSRWeb.com story here.
Hersha Hospitality Trust plans to sell 16 non-core hotels to Blackstone Real Estate Advisors for $217 million. The sale will close in the first quarter of 2014, leaving Hersha with 48 properties and 7,755 rooms. Read the Central Penn Business Journal story here.
Marriott International is offering its Workspace on Demand program in more U.S. cities, including Washington, Chicago, New York and Dallas. The program offers a Marriott hotel’s lobby or meeting rooms as impromptu workspaces with free Wi-Fi access. Read the TravelPulse story here.
An 80-story skyscraper, dubbed One Brickell CityCentre, is part of Swire Properties‘ plans for the $1.05 billion CityCentre project in Miami, which it says will be one of Florida’s tallest buildings. CityCentre will feature a hotel, retail space and condominiums. It is scheduled for completion
Bruegger’s Bagels and Caribou Coffee have embarked on a co-location strategy to mutually build up their businesses by tearing down walls in the Minneapolis market. Read the Nation’s Restaurant News story here.
The Ruby Restaurant Group, an Irvine-based company that operates iconic 1940s-themed diners in six states, rolled out a new dinette concept with a 1960s theme. Read the San Diego Union-Tribune story here.
Bruegger’s Bagels and Caribou Coffee have embarked on a co-location strategy to mutually build up their businesses by tearing down walls in the Minneapolis market. Read the Nation’s Restaurant News story here.
Robertson Properties Group hopes to build a $767 million mixed-use project in the Aiea district of Honolulu, and zoning approval could be granted by February. The project would consist of 1,500 residential units, office and retail space and possibly a 150-room hotel. The first phase
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