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.
An affiliate of Twin Tier Hospitality has acquired the DoubleTree by Hilton Hotel Columbus Worthington in Columbus, Ohio, for $10.3 million. The 306-room property was sold following a foreclosure. Read the American City Business Journals/Columbus, Ohio story here.
Blackstone Group‘s recent decision to take Hilton Worldwide public likely wouldn’t affect operations at any of the hotelier’s franchises. Read the HotelNewsNow.com story here.
McAlister’s Deli plans to develop 17 restaurants throughout Indiana, South Carolina and Georgia as part of new multi-unit development agreements with two existing franchise groups. Read the FastCasual.com story here.
Development firm Waterfront Renaissance Associates plans to build a $700 million world trade center in Camden, N.J., on a 16-acre site that formerly housed a state prison. The proposed 2.3-million-square-foot Greater Philadelphia World Trade Center project, which would be the third-largest world trade center in
The Hacienda Hotel in Los Angeles has been purchased by real-estate firm Rubicon Cos. for $26.9 million. The new owner reportedly plans to rebrand the 640-room property, which includes 25,000 square feet of meeting space, a pool, a spa and dining venues. Read the HotelsMag.com
With performance on an uptick, Wyndham Hotel Group is breathing new designs into three of its brands. Microtel will see a new color scheme, open lobby and fast-casual shop; Travelodge and Howard Johnson will also see new color schemes. Read the HotelNewsNow.com story here.
Hilton Worldwide has filed for an initial public offering at the Securities and Exchange Commission valued at $1.25 billion. The hotel firm controls 4,041 hotel and timeshare properties across 10 brands, and has reported revenue of $4.6 billion and net income of $189 million for
Dallas-based casual dining chain Boston’s Restaurant & Sports Bar opened its second Detroit-area eatery and announced plans for at least three more in the area. The chain and others see growth potential in the region, as consumers continue to seek out affordable options for dining
The Baltimore City Council has approved $107 million in tax-increment financing for a waterfront project that could be worth $1.8 billion when it’s finished. The project, which will convert the site of an old chemical plant into a waterfront that includes a skyscraper, “other office
Cerner Corp. plans a major development at a former shopping-mall site in Kansas City, Mo. The $4.3 billion, 4.5-million-square-foot mixed-use campus would include office and retail space, a data center, day care facility and hotel. Read the American City Business Journals/Kansas City, Mo. story here.
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