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.
Smashburger plans to roll out 30 franchises in the Washington, D.C., area in the next five to seven years. Read The Washington Post story here.
Roy Rogers Restaurants, in a bold move to fuel a 100-unit franchise growth over the next five years, has struck a strategic alliance with Franchise Dynamics – one of the nation’s largest full-service franchise sales outsourcing company – to help expand Roy Rogers’ enterprising system.
Hotel executives told The Lodging Conference in Phoenix that the hotels transactions market offers plentiful opportunities amid a diverse group of buyers, strong performance metrics and an attractive pricing environment. Read the Hotel Management online story here.
Construction of the 18-story KPMG Tower in the Dallas Arts District started recently, and the project is scheduled for completion by March 31, 2015. The tower is the first of three buildings at the Hall Arts complex; another office high-rise and 30-story condo tower are
A New York real estate investment trust has purchased two South Florida Hampton Inn locations from Baywood Hotels for $31 million total. Lightstone Value Plus Real Estate Investment Trust, which is sponsored by the Lightstone Group, bought the 127-room Hampton Inn Miami-Airport West in Doral
Former Trader Joe’s president Doug Rauch will open the Daily Table in Dorchester, Mass., next year, selling food that’s near or slightly past the sell-by date at deeply discounted prices. The model, which will serve prepared meals and speed-scratch ingredients to encourage swift consumption, aims to
Take-and-bake pizza chain Papa Murphy’s has created a new store prototype that incorporates digital menu boards, a grab-and-go section and an emphasis on fresh ingredients in a push to redefine the category. Read the PizzaMarketplace.com story here.
The latest figures indicate that the hotel industry is improving, but some industry pros are a little leery. According to STR, the average daily rate continues to surge, while RevPAR has increased for 35 months in a row. Read the Hotel Interactive story here.
The planned development of a 600-room Hyatt Regency hotel in Portland, Ore., partially using public funds has been approved by the Portland City Council. The council has asked to be given regular reports on the property’s performance. Read The Oregonian story here.
FelCor Lodging Trust has sold two hotels: a 244-room DoubleTree by Hilton in Wilmington, Del., and a 277-room Embassy Suites property in Jacksonville, Fla. The buyers were not disclosed. The hotels were sold for $27.7 million and $10 million, respectively. Read the HotelsMag.com story here.
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