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.
Wendy’s reported higher-than-expected second-quarter earnings on Tuesday and said it will sell 425 of its restaurants to franchisees, taking its corporate ownership from 22 percent to 15 percent. Read the Reuters story here.
Whole Foods Market has opened a fifth store in the Twin Cities and plans to open a sixth in September, on the ground floor of a luxury apartment and retail complex. The company is opening about 30 locations a year, targeting places with high income
STR reports that hotel firms are once again turning to hotel conversions to drive their expansion efforts as supply growth continues its downtrend. Read the HotelNewsNow.com story here.
“Hootie,” the iconic owl that has served as a 30-year-old brand image for Hooters — lambasted by some for looking way too much like a woman’s breasts — is getting a serious makeover as part of the chain’s overall move to modernize. Read theUSA Today
Garbanzo Mediterranean Grill, a fast-casual restaurant concept, awarded franchise development rights to Delaware North Companies Travel Hospitality Services, one of the world’s leading airport foodservice and retail companies. Read the QSRMagazine.com story here.
A deal has reportedly been reached between the estate of Leona Helmsley and an investment team led by the Witkoff Group for the purchase of the Helmsley Park Lane Hotel in New York. Sources say the 46-story hotel will be sold for more than $650
Starwood Hotels & Resorts plans to convert the two towers of the Blake Hotel in Charlotte, N.C., into separate hotel properties under the Sheraton and Le Méridien brands. The $20 million project will include extensive renovations on all guest rooms. The Sheraton property is expected
Langham Hospitality Group opened its third North American hotel in less than three months and its first in Chicago with the recent debut of the Langham Chicago. Read the Travel Weekly story here.
The 126-room Hyatt Place Tulsa Southern Hills in Tulsa, Okla., has been sold to local hotel management firm Promise Hotels for $8.4 million. The new owner says it plans to rename the property as the Hyatt Place Tulsa South/Medical District. Read the Tulsa World story
Developer Jeffrey R. Anderson Real Estate is looking to build a second Marriott-branded hotel in Norwood, Ohio, even as it prepares to launch its first property, a Courtyard by Marriott hotel. The company says it expects the second hotel to cost between $15 million and
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