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.
Pinnacle Entertainment opened its $368 million casino in Baton Rouge, La., on Saturday. The L’Auberge Casino & Hotel Baton Rouge, whose opening was delayed by Hurricane Isaac, includes a 205-room hotel, dining areas and a casino. Read the The Advocate story here.
The number of full-service restaurants grew 3 percent in the first half of 2012, compared to 2.5 percent for delivery and takeaway chains and 2.4 percent for fast-casual, according to research firm CHD Expert. West Virginia, New York and Connecticut were the states that saw
To boost brand recognition and encourage Americans to eat more pasta, Italian food-maker Barilla will launch a chain of branded restaurants in 2013, according to a Wall Street Journal story. The company plans to fund its pasta push by selling noncore assets, including a German
Sloan’s Ice Cream will take its homemade sweet treats beyond Palm Beach County when its first franchise stores open in spring 2013. Read the American City Business Journal (South Florida) story here.
The hotel industry’s profit in 2011 rose 15.7 percent from that in 2010, to approximately $33 billion, STR reports through its Hotel Operating Statistics program. STR found the economy segment showing the highest profitability among all industry segments with a 42.3 percent profitability in 2011. Overall,
Despite some good economic news in recent weeks, two recent reports showed that both the construction and manufacturing sectors are contracting. According to the Census Bureau, construction spending declined 0.9 percent in July, while the Institute for Supply Management reported that the manufacturing sector is
Most hotel markets around the globe are keeping rates up despite economic concerns and declining demand in some regions, TravelClick reported during its 2012 Second Quarter Global Hotel Industry Update webinar this week. Read the HotelNewsNow.com story here.
Hawaii’s tourism officials forecast another banner year for the tourism economy as it announced that the number of visitors as well as per-visitor spending from the first half of the year were both on pace to beat 2011 levels. Visitor arrivals were up 9.8 percent,
Darden Restaurants completed its $585 million purchase of the Irvine, Calif.-based Yard House chain. Yard House’s 40 units in 13 states will become part of Darden’s Specialty Restaurant Group, which also includes The Capital Grille, Bahama Breeze, Seasons 52 and Eddie V’s. Read the Orlando
Tim Cloe, whose firm Northern Star Restaurant Management Inc., has been running Dunkin’ Donut franchises in Erie, Chautauqua and portions of Niagara counties since March 2011, plans to open eight new locations in in Western New York next year. In all, Cloe expects to open 20 new Dunkin’
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