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.
Marriott‘s Serve 360 plan will act as a company road map in an effort to decrease the firm’s overall environmental impact. Read the Hotels online story here
Seattle-based fast-casual chain MOD Pizza has won $33 million in new funding and secured a $40 million credit line to help fund the chain’s 2018 growth plans. MOD has grown to 300 units since launching a decade ago. Read the Nation’s Restaurant News story here
Ampex Brands has acquired 77 Pizza Hut locations, making it the brand’s largest franchisee in North Texas. Ampex also recently acquired 52 KFC units in Oklahoma City, and Columbus, Ohio. Read The Business Journals story here
Malls are reinventing themselves, with gyms, walk-in medical clinics, pubs and other nontraditional tenants filling the spaces left behind by department store closures. While apparel stores in malls close, food and entertainment businesses are taking their place. Read the CNBC story here
Walking into the lobby of Hilton Head Island’s Best Western Ocean Breeze Inn, you’d never know that just three and a half years ago, the property was close to being condemned. Today, it’s a stylishly modern and welcoming space where columns of stacked natural stone
Quickservice chain Locol is partnering with Whole Foods Market to open a location in one of the grocer’s San Jose, Calif., stores. Locol previously teamed with Whole Foods to open an outpost of his rice bowl restaurant Chego in a Whole Foods in downtown Los
The group redeveloping Atlanta’s Hotel Clermont plans to return the old radio tower to the roof of the Poncey-Highland landmark. The tower restoration will be among the more public spectacles to take place prior to the hotel’s planned reopening in March. Read The Atlanta Journal-Constitution
An analysis of more than 3,100 hotels across the U.S. shows that REITs and C-Corps have focused their attention on the top 25 markets, but that is limiting their performance compared to the industry overall. Read the HNN story here
The developer of The Foundry a 102-room TownePlace Suites by Marriott hotel will open in spring 2019 as part of the downtown revitalization project. Read The Reporter-Herald story here
As new supply continues to come online in 2018, how should hotel companies adapt to capture demand? Executives discuss the supply-demand impact on their acquisition strategies, their cost-control methods and other concerns for the year ahead. Read the HNN story here
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