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.
The plans for an eight-story hotel on Miracle Mile in Coral Gables have been slightly amended, adding on-site parking and reducing the number of hotel rooms. Read The Business Journals story here
US hospitality is heading into its first nongrowth year in revenue per available room since 2009, STR and Tourism Economics project. RevPAR rose only 0.9% in 2019 despite record-setting demand but is expected to inch upward in 2021 after flattening this year, according to STR.
A 20-story condo hotel has been proposed in Fort Lauderdale, between downtown and Flagler Village. Read The Business Journals story here
A casino and hotel could soon be coming to Ridgecrest as the city and the Timbisha Shoshone tribe announced a resolution of all disputes between the tribe and the city. Read the KGET-TV story here
The 120-year-old Riggs National Bank building in Washington, DC, will start life anew next month as the 181-room Riggs Washington DC hotel, operated by Lore Group. A former financial repository for 20 US presidents, the property recently housed a Courtyard by Marriott and now has undergone
A small Triad hotel in an affluent neighborhood will soon undergo major renovations designed to reposition its place in the market. Read The Business Journals story here
Ramen is so 2019. The new noodle in town is udon, via a restaurant concept coming to Dallas from Japan. Read the CultureMap/Dallas story here
Choice Hotels International has launched a new-build, midscale, extended-stay brand called Everhome Suites, offering apartment-style space that guests can customize to their liking. Choice broke ground in Corona, California, for the first hotel expected to wear the brand and announced development agreements for 13 hotels
Saks Fifth Avenue will close its men’s store in New York City’s Brookfield Place on Friday, and parent Hudson’s Bay plans to transform the 16,000-square-foot space into a new retail concept that’s still being developed, according to Women’s Wear Daily. The retailer closed its women’s
A record 1,768 hotel construction projects totaling 237,362 rooms were underway in the US at the end of 2019, Lodging Econometrics says in a new report. The national pipeline boasted 5,748 projects, up 4% from 2018. Read the Las Vegas Review-Journal story here
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