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.
Executives at consumer packaged goods companies believe club stores like Costco and Sam’s Club will gain market share in the coming years, yet they have not developed strategies for capturing that growth, a Deloitte study finds. Read the MediaPost Communications story here.
Back Yard Burgers is going back to basics as it prepares to emerge from Chapter 11 bankruptcy reorganization, with a scaled-down roster of 85 stores. The chain will focus on the Memphis area and recruited a Johnson & Wales-trained menu planner to help it beef
Data released by STR show that U.S. hotels improved in all key industry metrics in 2012. Total revenue per available room during the year rose 6.8 percent, occupancy climbed 2.5 percent, and average daily rate increased by 4.2 percent. Read the TravelPulse story here.
Data released by STR show that U.S. hotels improved in all key industry metrics in 2012. Total revenue per available room during the year rose 6.8 percent, occupancy climbed 2.5 percent, and average daily rate increased by 4.2 percent. Read the TravelPulse story here.
Best Western International plans to add 110 to 120 hotel projects in its North American development pipeline in 2013. The company is targeting more than 80 percent of these new hotels to open under the Best Western Premier or Best Western Plus tiers and for
FelCor Lodging Trust says it has signed a deal with Wyndham Hotel Group to rebrand eight Holiday Inn properties as Wyndham properties. The company intends to invest about $34 million over the next three years for the renovation and rebranding process. Read the GlobeSt.com story
Loews Hotels & Resorts has announced plans to enter the Boston hotel market through the acquisition of the 225-room Back Bay Hotel. The terms of the sale were not disclosed. Read The Boston Globe story here.
FelCor Lodging Trust has signed a deal with Wyndham Hotel Group to rebrand eight Holiday Inn properties as Wyndham properties. The company intends to invest about $34 million over the next three years for the renovation and rebranding process. Read the GlobeSt.com story here.
Tighter post-recession lending rules and rising labor costs as the Affordable Healthcare Act takes effect have some restaurant chains trying out smaller spaces. Chains including Burger King, Pizza Hut and Philly Pretzel Factory are seeing success with smaller units and kiosks that appeal to franchisees
Japanese fast-fashion retailer Uniqlo and fashion and home goods brand Muji both have plans to expand their presence in the San Francisco Bay Area as part of their larger growth strategies. Read the San Jose Mercury News story here.
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