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.
U.S. hotels recorded a 4.2% growth in profit during the first half of the year, thanks to an 8.5% increase in profit per room in June, HotStats found. Hotels also showed a decline in labor costs for the second time this year and a drop
The historic Stricklin Building in downtown Florence has been transformed into a bar, bowling alley, two full-service restaurants and a hotel. Read The Birmingham News story here
RadioShack owner General Wireless will open RadioShack Express shops in around 100 HobbyTown stores. HobbyTown is a franchise retail concept, and the addition of RadioShack will further its aim of offering more STEM-related products for hobbyists. Read The Dallas Morning News story here
The academic year is still weeks away, but there’s a new freshman in town…and we’re not talking about students. Construction is nearly complete at the new Embassy Suites Hotel. Read the WNDU-TV story here
The 155-key Kimpton Frankfurt is slated to open in 2023, marking the brand’s first property in Germany. Read the TravelPulse story here
Planet Oasis Ohio, a $2 billion amusement park to be built on 350 acres, is expected to generate 15,000 jobs in the Columbus area. Construction will begin in December, with some areas scheduled to open in 2019. Read the Detroit Free Press story here
The lodging sector is positioned for a strong period of growth, as corporate profits rose 5.5% last year and are doing well so far this year. Household budgets and international visitors are also trending well for the asset class. Read the REIT magazine story here
ThinkFoodGroup, the restaurant operator owned by chef Jose Andres, has acquired the rights to grow and market the The Bazaar by Jose Andres concept from SBE Entertainment Group. Andres created the hotel-based restaurant concept in Beverly Hills about 10 years ago, and it has since
When celebrity chef Hugh Mangum, financing veteran Micha Magid and experienced restaurant operator Christos Gourmos partnered to create Mighty Quinn’s, they had a bigger vision in mind than a few New York-based locations. The three brothers set out to create a global brand featuring chef-driven
Groundbreaking for the Obama Presidential Center in the South Side of Chicago has been delayed a second time due to a federal review process that could push the start of the $500 million project to 2019. Read the Chicago Tribune story here
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