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.
PKF Hospitality Research predicts a 6.7 percent increase in revenue per available room at U.S. hotels this year, up from a 5.8 percent revPAR growth forecast in June. PKF said that the main reason for the improved annual forecast is the stronger-than-expected performance of the
Del Taco has completed a 20-unit development agreement with Larry Blumberg & Associates, a premier hospitality operator based in Dothan, Ala., that will take the Del Taco brand to new markets in Alabama and Northern Florida. Read the QSR story here.
Johnnie’s Foodmaster, a 10-store family grocer in the Boston area, is in talks with Whole Foods Market, which might purchase or take over leases of six locations, according to a Boston Globe story. The stores are 38,000 square feet and are in urban neighborhoods. Whole
Dunkin’ Donuts is slated for significant expansion in Texas with new franchise agreements that will bring the total of new stores opening in the state to over 100 in the next few years. New franchise partners include MM Donuts LLC in Houston and the Jerry
Improved demand in the group and business segments as well as stronger pricing will allow U.S. hotels to increase revenue per available room this year faster than previously anticipated, PricewaterhouseCoopers reports. PwC upgraded its projected 2012 revPAR growth to 7.2 percent, from 6.5 percent predicted
NEST International, a prominent national facilities maintenance management company, was again named by Inc. Magazine as one of the “2012 Fastest Growing Private Companies” in the United States. Out of only 5,000 companies, NEST was named 2132, raising its position 461 spots from last year.
Phoenix Johnny Rockets franchisee Richard Riva has opened the first JR’s Burger Grill, to test a quickservice concept with a more limited, lower priced menu that includes $2.99 burgers. If the concept does well, the company will consider making it available to other franchisees in
Fast-casual concepts have grown about 10 percent annually for the past decade. Nationwide, fast-casual restaurants reflect the fast-growing segment of the food service industry, generating $27 billion in sales last year. In the Tampa Bay area, long a testing ground for new concepts, is seeing
Construction employment declined in 165 out of 337 metropolitan areas between July 2011 and July 2012, increased in 123 and was stagnant in 49, according to a new analysis of federal employment data released today by the Associated General Contractors of America. Association officials said
Hotel room rates in U.S. hotels are rising over a projected increase in travel during the Labor Day weekend, this feature says. Best Western International reports a 10 percent rise in advanced bookings for Friday through September 3, with a 6 percent increase in average
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