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 Queen City’s rapid increase in hotel options continues with the opening of the AC Hotel Charlotte SouthPark. Read The Business Journals story here
Chick-fil-A will test three new spicy chicken items while also paring down other menu categories at select locations in Arizona and North Carolina starting later this month. The restaurants will remove items including breakfast sausage, side salads and chicken strips, and limit some other items
The number of traditional Chinese restaurants in the US is declining as older owners retire and younger generations choose not to take over the family business. Junzi Kitchen co-founder and CEO Yong Zhao created a fast-casual model designed to create a new channel for a
The Nantasket Beach Resort in Hull is closed for the winter for renovations, with plans to reopen in April. Hotel officials described the work as a “total face lift” with no changes in the configuration of rooms or public spaces. Read The Boston Globe story
Memphis’ first Home2 Suites just opened near Wolfchase Galleria. The new $11 million, 105-room hotel is located at 2809 New Brunswick Rd. The 67,000-square-foot development, owned by Goodwill Partnership and managed by Southaven-based PGC Management Inc., officially opened its doors Dec. 20. Read The Business
A North Carolina developer is looking to bring a more than 100-room hotel to Morrisville. Matthews-based OHM Hotels Management Inc. has filed plans for the Element by Westin Raleigh Durham Airport, a 105-room extended-stay hotel featuring 64,425 square feet of space across four stories. Read
Yum Brands will pay approximately $375 million for The Habit Restaurants, parent of Habit Burger Grill, in a deal expected to close by the second quarter. Habit Burger Grill, which has about 270 restaurants in 13 states, will be the first fast-casual brand for Yum.
Amazon plans to launch a chain of grocers separate from Whole Foods Market. Dozens of stores reportedly will open in major US markets. Read the Reuters story here
The opening of a new five-star Club Med resort highlights the Dominican Republic’s bid to revive tourism following a troubled year punctuated by mysterious deaths of hotel guests. While the deaths were eventually attributed by authorities to natural causes, tourism officials have taken strong measures
About 7% of retail stores, or 75,000, will likely close by 2026, per a UBS report, which notes that a process of “store rationalization” will continue. The report indicates that online sales will grow to 25% of the market share and that clothing stores, consumer
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