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.
LaSalle Hotel Properties and Pebblebrook Hotel Trust came to a $5.2 billion merger agreement following a decision by LaSalle’s board of trustees the day before that Pebblebrook’s offer was superior to Blackstone Group‘s. LaSalle terminated its agreement with Blackstone, and the Pebblebrook transaction is likely
A hotel developer is proposing a four-story, 66-room Fairfield Inn and Suites off Second Street near the Astoria Riverwalk. Read The Daily Astorian story here
Staples has offered to acquire the 89% of Illinois-based office-supply wholesaler Essendant that it doesn’t already own, for $11.50 per share or around $434 million. The retailer argues in a regulatory filing that shareholders should approve the offer and reject a competing bid by rival
Two Midwestern hotel developers are planning a 90-plus room Marriott or Hilton franchise at the former Bayside Sentry Market at the foot of the South Slope. Read the Minnesota Public Radio story here
A new, 135-room lakeside hotel has opened in actress Lucille Ball’s western New York hometown. Read The Beaumont Enterprise story here
Rosen Hotels & Resorts has rebranded the Red Roof Inn at International Drive in Orlando, Fla., as the Midpointe Hotel Orlando Convention Center. The 134-room hotel is adjacent to the 1,334-room Rosen Centre Hotel, which is connected to the Orange County Convention Center. Read the
A grocery store and a hotel are planned for the 600 block of East Michigan Avenue, part of a mixed-use development slated to open by the end of 2020. Read The Lansing State Journal story here
Memphis’ new convention hotel would look like a sleek and modern glass tower. That was the image captured in a rendering showing what the new hotel might look like. Read The Commercial Appeal story here
Dutch hotel chain citizenM plans to open a 348-key, 128,000-square-foot property at Miami Worldcenter, a new, 27-acre mixed-use development underway in Downtown Miami. Gensler Architects is handling design. Read the Commercial Property Executive story here
Mr. C Seaport, a member of The Leading Hotels of the World, has opened in New York. It is the second property to carry the Mr. C brand. Read the Forbes story here
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