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.
Sichuan hot pot restaurants, where diners cook a variety of ingredients in a communal pot of soup, are gaining popularity both in their native China and in cities across the US. Diners can choose from a variety of flavorful broths for cooking additions such as
Viceroy Hotels & Resorts is taking over the 178-room Mason & Rook Hotel in Washington, DC, with an $8 million renovation and rebranding. Hotel Zena is the other Viceroy Lifestyle Series property in the works for the nation’s capital. Read The Business Journals story here
For the second time in two weeks, San Jose preservationists have lost what they see as a battle to protect the city’s historic landmarks from new developments that put them in jeopardy. Read the San Jose Mercury News story here
American Blue Ribbon Holdings, the Nashville, Tennessee-based parent of casual dining concepts Village Inn and Bakers Square, has filed for Chapter 11 bankruptcy protection after shuttering 33 underperforming restaurants. The closures left the brands with 97 company-owned locations and 84 Village Inn franchised units. Read
A “luxury” pet boarding facility is in the works off Interstate 80 in Roseville. Earlier this month, the Roseville Planning Commission voted to recommend that City Council approve a Wag Pet Hotel at 200 S. Harding Blvd., near Interstate 80 and Douglas Boulevard. Read The
There have been several large mergers and acquisitions since June 2019, including Inspire Brands’ purchase of Jimmy John’s and Yum Brands‘ acquisition of the Habit Burger Grill. The Jimmy John’s deal, which was completed in October, expanded Inspire Brands’ portfolio to more than $14 billion
A boutique hotel company plans to reopen a West End hotel in Portland under a new name, and has also purchased three historic inns in Kennebunkport, a summer tourism hot spot. Read the Portland Press Herald story here
The city will have more than 144,000 rooms available to visitors by the end of 2021, which includes 56 now planned in Manhattan, 21 in Brooklyn and 37 in Queens. Read the New York Post story here
Barclays‘ analysts have upgraded L Brands‘ shares in the belief that changes underway, led by activist investors, will fuel a turnaround at the Victoria’s Secret parent. Victoria’s Secret reported a 12% decline in same-store holiday sales, while sibling chain Bath & Body Works booked a
The City of Raleigh is poised to move forward with soliciting developer interest to build a hotel and a mixed-use tower in the heart of downtown. Read The Business Journals story here
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