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.
The Miami lodging market could receive nearly $750 million in capital influx this year amid strong growth in hotel performance, experts from Jones Lang LaSalle’s Hotels & Hospitality Group said during an investment conference in Miami, according to HotelsMag.com.
Shula Burger, the burger chain spinoff of the successful 31-unit Shula’s steakhouse chain, has grown to four units and is preparing to open its first franchise restaurant. The chain describes its fare as “fast casual plus,” with a menu that features nine standard burgers plus
Blaze Pizza, a fast-casual, build-your-own pizza brand, says LA Metro Blaze Pizza Holding Co. LLC has signed an agreement to open 20 franchise stores in the greater Los Angeles area over the next five years, according to QSRMagazine.com.
A number of hoteliers have seen strong growth in advance bookings this summer against last year, in line with positive forecasts by STR for June, July and August, according to HotelNewsNow.com. They attribute the encouraging metrics to a continued rise in demand against a muted
Cordish Cos., the developer and operator of the Maryland Live! Casino, has put forward a $200 million project that would include the purchase, remodeling and expansion of a Holiday Inn in Boxborough, Mass. Cordish would rebrand the property, converting it to a boutique hotel with
Wendy’s and McDonald’s are redoubling efforts to make their value menus attractive to budget-conscious consumers who don’t spend big on individual meals but tend to make frequent visits, according to The Wall Street Journal. The rivalry has heated up as more chains including Arby’s and
The silver spire topping One World Trade Center has been fully installed on the building’s roof, bringing the iconic structure to its full, symbolic height of 1,776 feet. Check out USA Today for some nice photos of the historic occasion.
Sunstone Hotel Investors has announced plans to acquire the historic Boston Park Plaza Hotel & Towers, according to Bloomberg. The sale price for the 1,053-room property amounts to $250 million. Sunstone says the hotel will remain unbranded and will retain Highgate Hotels as property manager.
Four groups are vying to redevelop the Nassau Veterans Memorial Coliseum, home of the New York Islanders hockey team, according to American City Business Journals. One of the proposals is a $250 million plan of Cordish Cos., and the Madison Square Garden Co., to renovate
The Limited recently opened an outlet mall store near Nashville and plans to debut three more this year, after opening its first two outlets last year, according to The Columbus Dispatch.
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