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 Hotels & Resorts Worldwide‘s introduction of eco-friendly amenities at its Element Hotels properties has helped boost interest in the brand from the corporate and group segments during the request-for-proposals process. Read the Business Travel News story here.
Simon Property Group will spend $300 million to upgrade its already profitable Roosevelt Field mall on Long Island, adding a Neiman Marcus along with new dining and entertainment options. It’s one of many planned shopping center improvement projects around the country. Read the Wall Street
Simon Property Group will spend $300 million to upgrade its already profitable Roosevelt Field mall on Long Island, adding a Neiman Marcus along with new dining and entertainment options. It’s one of many planned shopping center improvement projects around the country. Read the Wall Street
The first of 32 planned Corner Bakery restaurants opened in Pleasanton, Calif. The group has another lease singed in Pleasant Hill and hopes to open that restaurant by spring of next year. Read the American City Business Journals story here.
The Emily Morgan Hotel in San Antonio has rebranded under the DoubleTree by Hilton franchise. The historic 177-room property, which overlooks the Alamo, recently concluded a $4.5 million makeover. Read the Travel Weekly story here.
U.S. retail sales rose 0.3 percent in November after declining 0.3 percent the month before, driven in large part to car sales, which hit a four-year high as consumers scrambled to replace storm-ruined vehicles, according to a Commerce Department report. Excluding autos, gas and building
The U.S. hotel industry is expected to close the year with strong performance in all key lodging metrics, STR reports. Preliminary year-end data released by STR indicate a 6.6 percent rise in revenue per available room, a 2.3 percent increase in occupancy and a 4.3 percent jump
The U.S. hotel industry is expected to close the year with strong performance in all key lodging metrics, STR reports. Preliminary year-end data released by STR indicate a 6.6 percent rise in revenue per available room, a 2.3 percent increase in occupancy and a 4.3
Hotel development in the Midwest and across the United States is picking up as markets such as Chicago, Indianapolis and Milwaukee show encouraging signs of demand growth, according to First Hospitality Group. However, a continued shortage of lending options and politics-related uncertainties may prevent large
A new report by PKF Hospitality Research predicts the hotel industry’s continued improvement in key lodging metrics through 2016. The group projects a 7.2 percent compound annual growth rate in revPAR for the next four years. However, PKF points to continued uncertainties surrounding the “fiscal
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