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.
Data from STR and CBRE Hotels‘ Americas Research show that boutique properties outperform the broader hotel market when it comes to occupancy, average daily rate and revenue per available room. This performance has attracted developers to the boutique segment. Read the Hotel News Now story
Del Taco will sell at least 60 of its 310 company-owned units to franchisees as part of a plan to cut the number of restaurants owned from 55% to 45% by mid-2020, the company said. Between company stores and franchises, Del Taco has 580 restaurants
Leaders in Allen, Texas, say the economy is already benefiting from the $91 million convention center and hotel. The 90,000-square-foot convention center and 300-room Marriott Delta Hotel took two years to build. Read The Dallas Morning News story here
California-based hot dog chain Wienerschnitzel has launched a franchise incentive program that will cut one-time franchise fees from $32,000 to $5,000 for the first 20 investors who sign on and start construction within 18 months. The deal includes a three-year reduction in royalty fees from
The DoubleTree by Hilton Charlotte Airport hotel is getting a $1.5 million facelift thanks to new management. The hotel on Yorkmont Road was purchased by Phoenix American Hospitality, a Dallas-based hotel fund manager, in 2015 for just over $14 million, property records show. Read The
Vintage and handcrafted pieces are now easy to find at Skyway Marina Vintage Mall in St. Petersburg, Fla., a space that was once home to a Sears outlet, movie theater and supermarket. The area, which was once Skyway Mall, is now home to a cluster
After a year marked by numerous price spikes, construction costs declined in December but remained elevated compared to year-earlier prices, while prices of new buildings also moved higher, according to an analysis by the Associated General Contractors of America of recent Labor Department data. Association officials
Domino’s Pizza plans to add 9,700 more units by 2025, an increase of about 60% over its current roster of 15,300 global locations. The chain will continue its tech innovation and focus the bulk of its growth on international markets. Read the Nation’s Restaurant News
The historic facade of the Blue Horizon building on North Broad Street is to become the face of a new “micro-hotel” under Marriott’s millennial-focused Moxy brand, opening a new chapter for the storied North Philadelphia boxing venue site. Read The Philadelphia Inquirer/Daily News story here
Upper Macungie residents could see a six-story hotel with a restaurant take shape in the coming years, as the township planning commission was presented with sketch plans for such a project. Read the WFMZ-TV story here
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