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.
Plans to convert the James Reed Building in Pittsburgh into a 249-room hotel have been approved by the city planning commission. The hotel is expected to open next year under Kimpton Hotels & Resorts‘ Hotel Monaco brand, featuring a rooftop hospitality suite, a restaurant, a
The Grand Hyatt Atlanta had its nine digital screens mounted instead of recessing them into the walls of the hotel. Grand Hyatt officials said that factors such as the ventilation and the structural design of the property were put into consideration before installing the smartboards.
Burlington Coat Factory parent Burlington Holdings has filed plans for an initial public offering that could raise up to $175 million to help the company pay down debt. The 503-store discount apparel retailer was founded in 1972 and taken private in 2006 when Bain Capital
Kroger‘s growth strategy is working, as sales jumped 7.1 percent annually and the grocer plans to continue to open larger stores. Read The Cincinnati Enquirer story here.
Several hotel investment experts say hotel buyers and sellers are finding it more convenient to conduct hotel transactions in bulk. Approximately $2.3 billion worth of hotels in 11 portfolio transactions have been sold in the past six months. Read the HotelNewsNow.com story here.
The Jackson Health System in Miami — a taxpayer-owned system –- says it needs to spend up to $1 billion to modernize and upgrade its hospital facilities. The investment is necessary as a direct result of years of neglect that this institution has painfully endured.
Neiman Marcus expects to raise up to $100 million through an initial recent public offering, eight years after TPG Capital and Warburg Pincus took the company private in a $5.1 billion buyout deal. The equity firms have explored options for selling or going public in
The Jackson Health System in Miami — a taxpayer-owned system –- says it needs to spend up to $1 billion to modernize and upgrade its hospital facilities. The investment is necessary as a direct result of years of neglect that this institution has painfully endured.
Three hotels near Philadelphia International Airport under various Starwood Hotels & Resorts brands have been put up for sale. The properties are the 136-room Aloft Philadelphia Airport, the 177-room Four Points by Sheraton Philadelphia Airport and the 251-room Sheraton Suites Philadelphia Airport Hotel. Read The
RLJ Lodging Trust has entered the Hawaiian hotel market with its $75.3 million purchase of the Courtyard by Marriott Waikiki Beach. The company used available cash to acquire the 399-room hotel. Read the Honolulu Star-Advertiser story here.
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