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.
The Selina hotel and hostel chain has set its sights on Mexico, with plans to open 30 properties there within two years. The company already has properties in Colombia, Panama, Nicaragua, Guatemala and Costa Rica. Read the Mexico News Daily story here
For hotel owners, attaching to a major brand can offer significant return on investment, experts say, but competition among brands themselves is heating up. Read the Hotel Management online story here
Eco Group, a joint venture between Montgomery Carolina LLC and Lee-Moore Capital Co., has unveiled plans for Mosaic, an $800 million mixed-use project in Pittsboro, 30 miles southwest of Raleigh-Durham. Read the Shopping Center Business story here
Officials in New Haven are extolling the coastal Connecticut city’s robust growth in both leisure and business hotel development, occupancy rates and room revenues. The city is seeing a healthy amount of hotel proposals and expected openings, with extended-stay and boutique hotels as the next
West Palm Beach-based Kolter Group LLC will develop the hotel portion of a mixed-used development in Orlando called Tremont Plaza. Read The Real Deal magazine
A new hotel complex called Arrive Phoenix, is being built to sustain 79 rooms, a rooftop pool and new restaurants in the north central Phoenix area. This 2-acre, 45,000-square foot, $20 million venture is to be completed in 2018. Read the KPHO-TV story here
Developers of the Luminary Hotel & Co., planned for Fort Myers’ riverfront, want visitors to plug into the city’s culture, past and vision for the future. Read The News-Press story here
Loews Hotels & Co. plans to build a $65 million hotel as part of the second phase of the Ballpark Village in downtown St. Louis. The Live! By Loews-St. Louis hotel will be across the street from Busch Stadium. The St. Louis Cardinals say construction
A high-tech boutique hotel, a restaurant featuring an outdoor dining deck with views of the ocean and youth hostel are coming to this laid-back beach town. Read The Orange County Register story here
If AccorHotels‘ $920 million purchase of Mantra Group is approved, it would create Australia’s largest hotel company. The combined company would have 50,000 hotel rooms. Read the Reuters story here
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