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.
January saw robust gains in key hotel metrics in the United States, including an 8.8 percent rise in revenue per available room — the strongest growth in the metric since June 2012, STR reports. Average daily rate during the period was up 5.1 percent as
Chico’s will open its first three White House Black Market stores in Canada late this year, followed by larger namesake locations in 2014. Chico’s, which operates 1,370 stores, has seen success during the downturn with new “slimming” clothing lines designed for women age 30 to 55.
Woodbine Development Corp. is looking to use part of $89.5 million in refinancing it recently obtained to fund renovations on the Hyatt Regency Hill Country Resort and Spa in San Antonio. The $35 million project calls for improvements to the property’s outdoor space, including its
The San Francisco Planning Commission is set to deliberate a proposal to redevelop property near the Moscone Center convention site into a 220-room hotel. The proposal includes commercial space of more than 4,000 square feet on the structure’s ground floor. Read the San Francisco Examiner
Schlotzsky’s has signed its largest franchise agreement in more than 40 years. The partnership calls for 170 Schlotzsky’s locations throughout California, including Los Angeles, Riverside, Ventura and San Bernardino counties. Each restaurants will feature a new, contemporary design and an upgraded service model in which
Several U.S. hotel chains are aiming to introduce their brand identities to foreign consumers through new supersize hotels equipped with their brands’ latest amenities, this feature says. The 3,863-room Sheraton Macao Hotel and the 1,224-room Holiday Inn Macao Cotai Central opened last year at Sands
The Americas region experienced strong gains in key lodging metrics in January, according to STR Global. Revenue per available room was up 8.3 percent, while occupancy rose 3.3 percent and average daily rate went up 4.8 percent. Read the TravelPulse story here.
MGM Resorts International, which runs 10 casinos on the Las Vegas Strip, would consider selling some of its properties in the city if doing so proved to be profitable. Read the Las Vegas Review-Journal story here.
Nordstrom will double its capital expenditures budget during the next five years to pay for an ambitious growth plan that calls for more Rack stores, growth of both full-line and outlet stores in Canada, and the luxury department store’s first New York City flagship. Read
Pizza is shaping up to be the next new fast-casual battleground, with “better pizza” brands taking the basic pie to new heights in a fashion similar to the “better burger” trend. Read the Fast Casual story here.
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