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.
La Madeleine Country French Café is eyeing the Baltimore area, with plans to open up to eight new franchised locations. A Baltimore-area restaurant is expected to open in the next year, with several more opening shortly after. Read The Baltimore Sun story here.
Smoothie King plans to add 25 franchise locations in the St. Louis area over the next five years. The chain said it would cut its franchise fee by 40 percent, dropping the amount by $10,000 to spur growth. So far in 2013, nine new franchises
The Courtyard by Marriott Waikiki Beach hotel has been sold to a partnership led by Highgate Hotels. The purchase price of the 401-room property amounted to $127 million. Read the American City Business Journals story here.
Best Buy will install Samsung Experience mini-stores at about 1,400 of its U.S. locations this summer, nearly twice as many locations as the ones that also have smaller Apple mini-stores. Some industry experts said that the bigger bet on Samsung could turn off other brands
Sherwin-Williams expects to open 70 to 80 new paint stores in 2013. The company will continue to invest in the Paint Stores Group. Read the Cleveland Plain Dealer story here.
Build-A-Bear Workshop plans to continue expanding its new store design in 2013. The new store design, which features more interactive technology, was introduced in six U.S. locations in fall 2012. This year, the retailer will open 20 to 25 stores that will feature the new design,
Savannah Hospitality Properties has sold the Staybridge Suites Savannah Historic District in Savannah, Ga., to an affiliate of Noble Investment Group. The purchase price for the 104-room property was not disclosed. Read the GlobeSt.com story here.
The leasehold on the Hyatt Regency Waikiki Beach Resort and Spa in Hawaii has been sold to the Blackstone Group for $450 million. Renovations are being planned for the 1,230-room hotel, with Blackstone expected to spend about $80 million on property improvements. Hyatt Hotels will
Gap may franchise Old Navy stores in some markets as it works to expand the global footprint of its brands, a plan also likely to include additional company-owned Old Navy and Banana Republic stores in China. The chain has seen its profits improve for three
New York City-based 12-store grocery chain Fairway raised $177.5 million in its initial recent public offering, with shares priced at $13. The retailer has a goal to replicate its gourmet-grocery model at 300 stores across the country. Read The New York Times story here.
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page