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.
Starwood Capital Group will open five hotels in the next two years under two new brands — the luxury Baccarat Hotels & Resorts and the eco-minded lifestyle brand 1 Hotels & Residences. Read the TravelPulse story here.
Ignite Restaurant Group will acquire Romano’s Macaroni Grill from equity firm Golden Gate Capital for about $55 million, according to the Houston Chronicle. Houston-based Ignite operates 129 Joe’s Crab Shack restaurants and 15 Brick House Tavern & Taps. Macaroni Grill was founded in 1988 and
Rockwood Capital has completed its purchase of the Aloft Lexington and Element Lexington in Lexington, Mass., from Starwood Hotels & Resorts Worldwide. The dual-hotel property, which includes 136 rooms under Aloft Lexington and 123 rooms by Element Lexington, was sold for $36 million. The new
San Marcos Hotel has reportedly acquired the 249-room Crowne Plaza San Marcos Gold Resort in Chandler, Ariz., for $11 million. The sale was secured with the help of a $14 million loan from the seller, CP San Marcos. Read the GlobeSt.com story here.
Chipotle and Panera are feeling confident about their prospects for this year, even as some of their quickservice counterparts struggle. Both fast-casual chains indicated when they released earnings recently that they expect traffic and same-store sales to grow in 2013. Read The Wall Street Journal
The hotel capacity in New York’s Union Square area is set to double when the Jade Hotel and the Hyatt Union Square open this spring. Damage caused by Hurricane Sandy last year forced the launch of the two properties to be postponed. Meanwhile, the W
The first $5.4 billion tranche in funding for states affected by damage from Superstorm Sandy is ready to be distributed. New York will get $3.5 billion, and $1.9 billion will be divided among New Jersey, Maryland, Rhode Island and Connecticut. Each state and New York
Jake’s Wayback Burgers plans to open eight additional locations in February and March of this year. The better-burger joint will open locations in Little Ferry, N.J.; London Grove, Pa.; Medford, Ore.; Norwalk, Conn.; Rochester Hills, Mich.; Santa Ana, Calif.; Ventura, Calif.; and Worcester, Mass. Read
Dollar stores made big bucks during the downturn, but the big chains’ rapid expansion has made it more difficult to make ends meet. More than 1,100 dollar stores are expected to open this year, but cash-strapped consumers aren’t spending the way they once did. Read
Hard Rock International is looking to increase its global hotel portfolio to triple its number in the next three to five years. The company identified target markets in the U.S. including Texas, Miami, Kentucky, New York and northern New Jersey. Globally, the company is studying
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