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.
A Fairfield Inn & Suites in Phoenix and a Holiday Inn Express & Suites in Scottsdale, Ariz., have been sold to MIG Real Estate. The Fairfield Inn & Suites Midtown offers 107 rooms as well as 1,600 square feet of conference space. The Holiday Inn
RLJ Lodging Trust announced its purchase of the Humble Oil Building complex in Houston for $79.5 million. The landmark complex is composed of three structures — the 171-room Residence Inn Houston Downtown Convention Center, the 191-room Courtyard Houston Downtown Convention Center and an apartment building.
New York’s construction employment rose 4.2 percent between December 2012 and January 2013, coming in second to Wyoming’s 4.6 percent gain. The jump in New York’s number can be attributed to the state’s rebuilding efforts post-Sandy, according to the Associated General Contractors of America. See
Last year, Wyndham added more gross rooms to its development pipeline than any year before. At the end of 2012, it had 930 hotels and 110,700 rooms in the pipeline; 59 percent were new construction and 56 percent were outside the United States. The company
Aéropostale plans to open 60 P.S. from Aéropostale stores in fiscal 2013. It also will open about 14 Aéropostale stores, remodel about 30 stores and close approximately 15 to 20 stores. Aéropostale primarily is a mall-based, specialty retailer, targeting 14- to 17-year-old women and men,
City officials of West Sacramento, Calif., are pushing for development of a 343-room Marriott hotel and conference center in the city. The proposal calls for the city to float $30 million in bonds to help fund the $131 million project. Read The Sacramento Bee story
Francesca’s Holdings expects to open its 400th store by the end of the first quarter and will debut 80 new locations in 2013. Revenue rose 40 percent in the quarter ended February 2, driven in large part by strong sales of clothing and jewelry. Read
Carlson Rezidor Hotel Group‘s Country Inns & Suites brand will undergo an overhaul in a bid to attract Generation Y travelers and the male corporate traveler segment. The hotel firm unveiled a prototype for the Generation 4 Country Inns & Suites property, which features enhanced visual
Negotiations for a $1.3 billion retail development deal with Genesis USA took a step forward when the City Council in Decatur, Ala., approved a package of incentives for the project. The project will have five anchor te – including a 100,000-square-foot retail store – three
Chesapeake Lodging Trust officially has opened the Hyatt Place New York/Midtown-South after closing on its acquisition for $76.2 million. The real-estate firm says it has tapped Real Hospitality Group to operate the 185-room property. Read the GlobeSt.com story here.
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