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.
Dick’s Wings parent Arc Group will acquire the 34-unit Tilted Kilt chain for $10 in cash, $1.8 million in assumed debt and $1.5 million in future obligations, the company said. Dick’s Wings has 22 locations and, earlier this year, Arc Group acquired the four-unit Fat
Shake Shack opened seven restaurants in Alabama, Denver, Nashville and New York during the third quarter and will launch six more locations before the end of the year. The chain is also focused on figuring out how to do delivery without hurting the customer experience.
Extended Stay America and ESH Hospitality have sold two portfolios of 16 Extended Stay America branded hotels each to Provident Realty Advisors and Lodging Advisory Group. Franchise agreements are included in the deals. Read the Hotel Management online story here
Research by Kadence International finds that the Ritz-Carlton brand is the one that’s most associated with luxury. For its study, Kadence gathered information from 5,775 consumers. Read the eTurboNews story here
A sizable part of the Boston region’s historic building boom is the construction of new hotels. Inns either planned, under construction, or recently opened as of November 2018 are adding thousands of rooms to the area’s notoriously tight and expensive hotel market. Read the Curbed/Boston
Marriott is planning multiple-brand growth across Latin America and the Caribbean. Read the Hotel News Now story here
Chicago’s Parker Restaurant Group plans to expand The Hampton Social, a concept aimed at appealing to women, from five to 21 locations in the next few years. The expansion will take the concept, which is designed to attract social media users, outside of Illinois. Read
At a triangular lot where Meeting Street, Morrison Drive and Mount Pleasant Street converge, developer Montford Group imagines a new “architectural landmark”: the area’s first flatiron building. Read The Post and Courier story here
Hotel brands such as the Four Seasons can boost the popularity of condo developments. Porsche Design Tower in Florida is an example of a luxury brand using its recognition to attract condo buyers. Read The Real Deal online story here
Churchill Downs Inc. is considering bringing slot-machine-like historical racing games to its iconic racetrack on Central Avenue, perhaps with an on-site hotel. Read the WDRB-TV/WMYO-TV story here
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