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.
More hoteliers are entering the Houston market, drawn by the promise of strengthening demand as several business segments such as health care and the energy sector show significant growth, according to HotelNewsNow.com. Data from STR also indicate that the city’s lodging pipeline growth has slowed
The April 2013 STR Pipeline Report indicates a 9.2 percent increase in the number of hotel rooms in the total active development pipeline in the United States, according to TravelPulse. The U.S. luxury segment showed the largest growth in rooms in the active pipeline, at
Four Points by Sheraton will have more than 120 locations in North America this year, and the brand will have a global pipeline of about 200 hotels by 2014, according to TravelPulse. The brand accounted for more than 25 percent of Starwood Hotels & Resorts‘
Wynn has proposed a $1.2 billion casino hotel on the Mystic River in Everett, Mass., according to The Boston Globe. Wynn officials say the resort would connect guests to the environment by using many plants and natural lighting.
Kroger isn’t sitting idly by while rival Wal-Mart moves further into the grocery business, according to The Blade. Kroger has built 78 Marketplace stores since launching the first in 2004. In addition to groceries, the 125,000-square-foot stores offer expanded general merchandise, and they have increasingly
About 200 of the new stores New Orleans-based Smoothie King plans to open during the next five years will be corporate units, a shift from the franchise model that will let the chain test new products and practices for success before requiring franchisees to make
The Detroit lodging industry is preparing to increase its room supply over the next few years, including at least 5,000 new rooms planned in the city’s downtown area, according to The Detroit News. Hotel executives are looking to capitalize on the booming convention business and
The 92,000-square-foot Times Square retail center in East Texas is being renovated. The center will remain open during the project, according to Tyler Morning Telegraph.
Retail sales rose 0.1 percent in April, beating analysts’ forecasts for a 0.3 percent decline, as stronger sales of building materials, cars and clothing helped offset lower gas prices, according to a Reuters’ story. Clothing stores booked a 1.2 percent increase, their biggest monthly increase
Huddle House is offering a $25,000 financial incentive to the first 100 franchisees who commit to a remodel by July 31, 2014, according to QSRMagazine.com. Franchisees would use $20,000 of the incentive to offset the costs of the remodel, with the remaining $5,000 to be
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