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.
RFR Holding, owner of the 597-room Paramount Hotel in New York, has signed on Interstate Hotels & Resorts as the property’s new operator. Read the HotelsMag.com story here.
The Andaz Maui at Wailea will likely be the first resort in Hawaii to obtain Leadership in Energy and Environmental Design certification. All of its dining outlets also offer locally grown ingredients. The Turtle Bay Resort in Oahu is working to create a 59,000-square-foot native
The September 2013 edition of Hotel Horizons by PKF Hospitality Research forecasts continuous increases in all lodging performance metrics. Revenue per available room is predicted to rise 5.9 percent this year, followed by a 7.2 percent rise in 2014 and an increase of 8.1 percent
Landry’s will launch Morton’s Grille, a casual and less-pricey offshoot of its upscale Morton’s the Steakhouse, in a community north of Houston next week. Casual spinoffs from high-end steakhouses are catching on with other brands — Del Frisco’s Restaurant Group opened the first Del Frisco’s
Continuing its march across Texas, Del Taco announced the opening of its first of 25 locations planned for San Antonio. Read the QSRMagazine.com story here.
The Silver Slipper Casino in Hancock County, Miss., plans to break ground on a 142-room hotel in September. Full House Resorts, the parent company of the casino, obtained a $10 million loan to fund part of the construction, while the rest will be paid in
Krispy Kreme Doughnuts predicts a a smaller prototype will reaccelerate corporate and franchised unit growth after a quarter in which the company grew revenue and domestic same-store sales more than 10 percent. Read the Nation’s Restaurant News story here.
Renovation of properties under the budget Motel 6 and Studio 6 brands are proceeding on pace as the brands’ management firm G6 Hospitality looks to complete the systemwide overhaul in 2015. Both brands are slated for expansion through franchising efforts. Read the Hotel Management online
Foxwoods has expanded the scope of its proposed casino for Milford, Mass. The casino project will now cover 2.8 million square feet, more than four times the size of the original proposal at 660,000 square feet. The revised proposal also includes a 500-room hotel and
FMI, a leading provider of management consulting and investment banking to the engineering and construction industry, released its “2013 Third Quarter Nonresidential Construction Index” report, which shows an NRCI score of 60.3 – a .2-point improvement over Q2. While the numbers aren’t drastically rising, the
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