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.
Booked transient room nights in North American hotels rose 7 percent for the third quarter of 2012 through 2013’s second quarter compared with the same period last year, indicating a healthy occupancy outlook for the region, according to TravelClick. Group bookings are up 5.9 percent
Here’s some good news for the hospitality sector. Business travel is inching back up to prerecession levels, an indication that the economy is slowly improving. Read the Boston Globe story here.
The U.S. resort segment has posted 28 consecutive months of positive performance, indicating recovery for a market that was severely affected by the downturn. According to STR, revenue per available room at U.S. resorts reached $93.91 in year-to-date June, while average daily rates hit $145.70
Kohl’s plans to open 10 new stores this fall, including three in Connecticut. While staying true to its department store roots, Kohl’s has added celebrity brand names, online kiosks and electronic signs displaying prices and discounts that have helped keep the retailer’s profits on the
Outback Steakhouse parent Bloomin’ Brands and Carl’s Jr. and Hardee’s owner CKE Restaurants each plan to re-enter the public markets this week. The companies differ in size, industry segment and other qualities, as this comparison illustrates, but both have seen same-store sales grow in the
Popeyes Louisiana Chicken aims to make the most of opportunities growing at home while rival KFC focuses its energies on expanding in global markets. Led by CEO and former KFC executive Cheryl Bachelder, Popeyes plans to double the chain’s store count to 3,200, largely through
Dunkin’ Donuts plans to open 24 new restaurants in Birmingham, Ala. The openings are part of a multiunit store development agreement with two franchise groups, Barista Food LLC and Coffee Café Inc. All 24 stores are expected to open by 2018. The company currently operates
The St. Louis-based chain, known for its thick burgers and racy ads featuring supermodels, wants to get in on the burger boom underway in the Twin Cities and across the country. Hardee’s owner CKE Restaurants hopes to open 59 new restaurants in the metro area
Bolt Burgers, a newly developed fast casual restaurant, is looking to open its first location in Washington, D.C. Bolt Burgers is the brainchild of a consortium of Washington area eye doctors. The consortium joined forces with Restaurant Consultants Inc.
Ace Hardware has launched almost 400 Ace Express stores in the U.S., a scaled-down 5,000-square-foot format designed to fit into areas that can’t accommodate full-line stores. In urban and rural markets, the smaller stores have opened within larger grocery and paint stores, or operated as
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