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.
Restaurant chains Snooze and Larkburger have been big successes in Colorado since each opened six years ago — and both are launching national expansions in 2013. Read the Denver Business Journal story here.
Just as U.S. quickservice chains are looking to international markets for growth, players from other countries are finding American fans. A slew of international quickservice and fast-casual chains have opened shop in the U.S. in recent years, including YO! Sushi, Pret A Manger, Pollo Campero,
American consumers are seeing their home values and wages rise, but concerns about the “fiscal cliff” and the overall economy are countering the optimism and tempering plans for holiday spending, according to a CNBC survey. Shoppers are expected to spend an average of $742 on
Hotel developers looking to build from the ground up may have a tougher time obtaining lending from banks though the economy has improved from its recent downturn. It takes time to obtain capital for new development; securing money for renovations typically does not take as
Hotel-industry professionals say 2013 will bring some new opportunities, but growth will be modest. No matter whom you talk to—the brands, brokers, third-party managers, lenders, purchasing companies—2013 could be more of the same. Read the Hotel Management online story here.
American consumers are seeing their home values and wages rise, but concerns about the “fiscal cliff” and the overall economy are countering the optimism and tempering plans for holiday spending, according to a CNBC survey. Shoppers are expected to spend an average of $742 on
Hotel-industry professionals say 2013 will bring some new opportunities, but growth will be modest. No matter whom you talk to — the brands, brokers, third-party managers, lenders, purchasing companies—2013 could be more of the same. Read the Hotel Management online story here.
Hotel developers looking to build from the ground up may have a tougher time obtaining lending from banks though the economy has improved from its recent downturn. It takes time to obtain capital for new development; securing money for renovations typically does not take as
Tesco is exploring options for its U.S.-based Fresh & Easy chain, and will likely exit the business entirely and focus resources on reviving the retailer’s U.K. business. Fresh & Easy hasn’t turned a profit since its 2007 launch. Read the Bloomberg story here.
RLJ Lodging Trust says it will acquire the Hilton Cabana Miami Beach in Miami Beach, Fla., for $71.6 million. The 231-room property, which is under construction, is expected to open late next year, according to HotelsMag.com.
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