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.
Niche hotels that offer guests unique amenities and experiences are showing signs of recovery after the recent economic downturn, which affected the entire hotel industry, STR data show. Boutique hotels and ski resorts are the segments of the niche hotel industry that are experiencing the
Muncie retail center has reached an important benchmark. Its vacancy level is so low it does not have room for pop-up stores focused on Christmas. A regional shopping center drawing visitors from all over east central Indiana, Muncie retail center is reflective of the growing
U.S. retailers’ plans for store openings keep growing and have reached a four-year high in July, according to the August edition of National Retailer Demand Monthly. Over the next two years retailers will open a total of 78,325 stores, an 11 percent increase over projected
The International Trade Administration under the U.S. Department of Commerce reports that international visitors to the U.S. spent an estimated $82.2 billion on travel-related goods and services so far this year. International visitor spending in June 2012 reached $13.8 billion, an increase of 7 percent
Data released by STR show that the U.S. hotel industry sold 1.06 million room nights in July – the most room nights sold in a single month since STR began tracking hotel-performance data in 1987. Revenue per available room during the month rose 4.3 perent,
Garbanzo Mediterranean Grill, a Denver-based, fast-casual restaurant concept offering fresh, authentic, and healthy Mediterranean food, announced the awarding of franchise development rights to franchisee Banzo Bean Inc. With the rights to develop up to 10 restaurants in Orange County, Calif., Banzo Bean is scheduled to
Starwood Hotels & Resorts is looking to more than double its footprint in Russia and the Commonwealth of Independent States within three years, company officials say. The hotel firm has announced plans to open seven new hotels in the region as it continues to target
Let the healthy eating games begin. Whole Foods Market plans to triple its store count to 1,000, adding locations in smaller markets and underserved communities. The chain, which will open its first Detroit store in 2013, is in talks to bring stores to parts of Chicago
The U.S. hotel industry’s pretax profit in 2011 reached $21.6 billion, rising 20 percent over the previous year’s profit, according to AH&LA‘s annual Lodging Industry Profile. The number of international visitors to the U.S. rose 4 percent, to 63.2 million, in 2011, as overall tourism
Consumers are making more frequent stock-up trips to buy food, and 51 percent visit two or more stores per trip, despite supermarket and big-box chains’ efforts to cater to their every need, according to the Hartman Group. Read the MediaPost Communications story here.
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