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.
Portland will soon house the Northwest’s first Ritz-Carlton hotel. Marriott International made the announcement. The hotel will be built in place of Portland’s largest food cart pod at Southwest 10th and Alder, which has occupied the area since the 1990s. Read the Oregon Public Broadcasting
Eldorado Resorts (ERI) is buying Caesars Entertainment to create the largest gaming company in the United States. ERI reportedly has agreed to buy its larger rival in a cash and stock deal worth $17.3 billion, which includes Caesar’s mountain of debt. The announcement comes three
Sterling Bay has opened the Hyatt House West Loop-Fulton Market, a 200-key extended-stay hotel in Chicago. The firm broke ground on the development in early 2018. Skender acted as construction manager for the project. Read the Commercial Property Executive story here
Investors and Champaign County leaders are hopeful that the new Cobblestone Hotel in Urbana will bring people to the city — and keep them there. Read the Springfield News-Sun story here
Oyo Hotels & Homes, a lodging operator backed by SoftBank’s Vision Fund, is betting the same formula that fueled the company’s rapid growth in India and China can work in the United States, according to Bloomberg. Oyo, which opened its first U.S. hotel at the
Soon, the University of Central Florida will have a $48 million hotel on its campus in east Orlando. Read The Business Journals story here
Thirty-nine states and the District of Columbia added construction jobs between May 2018 and May 2019, while construction employment increased in 31 states and D.C. from April to May, according to an analysis by the Associated General Contractors of America of Labor Department data released
Hyatt and BTG Homeinns Hotel Group announced UrCove hotels, a new brand serving the growing middle-class traveling segment in China. Properties in Shanghai and Beijing, the first expected locations, are due to open in late 2020. Read the Hotels Magazine online story here
The owner of the North Carolina Football Club is teaming up with developer John Kane on a plan for a 20,000-seat multi-use soccer stadium in downtown Raleigh, N.C. The club plans to present the $1.9 billion plan next week in a bid to attract an
Plans for a proposed 14-story boutique hotel downtown along the River Walk have been submitted to the Historic and Design Review Commission. Read The Business Journals story here
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