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.
The Dalian Wanda Group says it is in talks with a number of major hotel chains for potential mergers and acquisitions in its bid to enter the U.S. lodging market. Read the Reuters story here.
The Dalian Wanda Group says it is in talks with a number of major hotel chains for potential mergers and acquisitions in its bid to enter the U.S. lodging market. Read the Reuters 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.
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.
Applebee’s new restaurant in New York City’s East Harlem neighborhood is being billed as the city’s most sustainable restaurant. The eatery, which cost $4 million to build, will include rainwater harvesting on the roof and waterless urinals that conserve about 40,000 gallons of water each
LongHorn Steakhouse is readying its first Arizona restaurant in Mesa, with plans for an additional four to six locations in the Phoenix area during the next two years. Read the American City Business Journals story here.
Bloomin’ Brands will open its first Bonefish Grill in March in South Windsor, Conn. It will be the first of four locations to open in Connecticut next year. The restaurant specializes in fish, but also has steak and other menu offerings. The other locations for
The status of the economy-hotel segment is markedly different from that of the boom years in the 1980s, this feature says. Average occupancy in U.S. markets has yet to surpass 60 percent for a full year since 1995 as deteriorating supply continues to erode revenue.
The status of the economy-hotel segment is markedly different from that of the boom years in the 1980s. Average occupancy in U.S. markets has yet to surpass 60 percent for a full year since 1995 as deteriorating supply continues to erode revenue. However, the recent
LongHorn Steakhouse is readying its first Arizona restaurant in Mesa, with plans for an additional four to six locations in the Phoenix area during the next two years. Read the American City Business Journals story here.
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