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.
Family Dollar Stores Inc. is on track to open 450-500 new stores and to close 60-80 stores in 2012. During the first three quarters of fiscal 2012, the retailer opened 287 new stores, closed 43 stores and renovated, relocated or expanded 583 sores. Currently, Family
Virgin Mobile, a carrier of Sprint Nextel Corp., plans to open its first-ever bricks-and-mortar stores. According to a Bloomberg report, Virgin, which had previously relied on retailers, such as RadioShack and Best Buy, to market its service, will open its first 10 stores in Chicago.
Nordstrom has finally found a spot for its first New York City store, after years of searching for the perfect Manhattan location. The upscale department store reportedly signed a deal to create a 300,000-square-foot, seven-floor store in a planned skyscraper.Read The New York Times here.
May hotel rates increased the most in properties across the Americas, as all global regions save Africa and the Middle East posted year-over-year rates growth during the same period, STR Global reports. Hotels in the Americas region posted a rate increase of 3.1 percent in
Riu Hotels & Resorts agreed to purchase a plot in the heart of Manhattan near Times Square. Riu Plaza New York Times Square will be located at 8th Avenue and 46th Street in the Broadway district and next to Restaurant Row. Read the Travel Pulse story
Zaxby’s signed a multi-unit development agreement with Hoozax Foods to open 32 Zaxby’s restaurants in the Norfolk and Richmond, Va., areas within the next seven years. The partnership will make Hoozax Foods one of Zaxby’s largest franchisees. Read the Fast Casual story here.
Host Hotels & Resorts has made joint ventures with several developers to build a hotel in Nashville, Tenn., and two hotels in Brazil. Host’s planned 255-room Hyatt Place is expected to open in downtown Nashville at the end of 2013. Meanwhile, the company plans to
English retailer Mulberry Group opened its first store in the United States outside of New York and New Jersey in San Francisco. The design of the 3,100-square-foot store follows a prototype that London-based architecture and interior design firm Universal Design Studio developed for Mulberry flagships
Costco is considering opening its first stores in Europe. According to Supermarket News, the company is interested in potential investment in Germany, Italy, France and Spain. Costco’s portfolio includes stores in the United States, Canada, the United Kingdom, Japan and Australia, and in It also
A combination of cost-cutting measures and rising occupancy levels enabled hoteliers to boost profits in 2011, STR reports in its 2012 HOST Study. Gross operating profit grew to 31.5 percent in 2011 against 29.9 percent the previous year among the 2,574 full-service hotels sampled by
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page