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.
Performance projections are pointing to continued growth for the U.S. hotel industry in 2013, Horwath HTL reports. A diminished construction pipeline is helping to improve metrics as the industry steadily recovers from the recession. However, the industry’s growth could still suffer setbacks from rising lodging
Jones Lang LaSalle Hotels predicts that a rise in available lenders will allow the volume of hotel transactions worldwide to reach $32 billion in 2013. Real estate investment trusts and private-equity companies will continue to make up a large part of the buying market. Read
Several hotel investors have found a way around the limited lending availability in the lodging market by acquiring small lots and adopting a flexible design attitude to fulfill brand requirements. The Embassy Suites in Fort Worth, Texas, built its brand-standard atrium on the seventh floor
Quickservice restaurants are expected to open more branches at supermarkets and convenience stores, according to Nation’s Restaurant News. Caribou Coffee is opening at Chicago Jewel-Osco stores, while Checkers Drive-In is among restaurants establishing a branch at Wal-Mart stores. Read the Huffington Post story here.
LaSalle Hotel Properties and Carpenter & Co. have teamed up to purchase a majority interest in the 298-room Liberty Hotel in Boston. The sale price amounted to $170 million, or more than $570,000 per room, according to Lodging Econometrics. Read the Boston Herald story here.
There are some 50 health-care projects under construction in Colorado worth a total of $3.4 billion. The projects range from new patient towers, clinics and surgery centers to stand-alone emergency facilities. Among the larger projects is a $623 million energy-efficient hospital in Denver. Read the
Eighty percent of travel agents surveyed by Travel Leaders Group in its annual Travel Trends Survey said they expect business travel to grow or be on par with last year. Read the TravelPulse story here.
Eighty percent of travel agents surveyed by Travel Leaders Group in its annual Travel Trends Survey said they expect business travel to grow or be on par with last year. Read the TravelPulse story here.
LaSalle Hotel Properties and Carpenter & Co. have teamed up to purchase a majority interest in the 298-room Liberty Hotel in Boston. The sale price amounted to $170 million, or more than $570,000 per room, making it one of the highest price per room of
There are some 50 health-care projects under construction in Colorado worth a total of $3.4 billion. The projects range from new patient towers, clinics and surgery centers to stand-alone emergency facilities. Among the larger projects is a $623 million energy-efficient hospital in Denver. Read the
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