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.
Chipotle Mexican Grill spent the summer renovating the original Denver restaurant where founder and CEO Steve Ells first introduced the fast-casual burrito concept 24 years ago. The concept grew to a chain with more than 2,300 locations worldwide and some 60,000 employees, but the simple
Fast-fashion retailer H&M will expand to four new cities in India this month and end the year with upwards of 25 stores in the country. Last year, H&M opened 10 new stores and booked an 87% increase in sales in India. Read the LiveMint story here
Once destined for demo, the beautiful and long-vacant is finally starting its $32 million redevelopment. In a ceremony commemorated with the removal of the final rooftop tree downtown, the Metropolitan Hotel Partners officially announced the start of construction. Read the Curbed/Detroit story here
A seven-story hotel under construction on the Corvallis riverfront is nearing completion and should be ready to open its doors sometime in October. Read the Corvallis Gazette-Times story here
The former Wyndham-branded hotel in downtown Cleveland’s Playhouse Square is now a Crowne Plaza. The property had been a Wyndham hotel for two decades, but the owners were attracted to InterContinental‘s reservation and rewards systems. Read the Crain’s Cleveland Business story here
The Cavalier Hotel has been a fixture in Virginia Beach, Va., since 1927, when it opened just steps from the Atlantic Ocean. Ninety years later, the hotel is preparing for a rebirth: In December, it will unveil the results of a $75 million renovation and
Marriott International is entering category marketing, leveraging a set of brands to present a more powerful offering to consumers. Its “classic select” Courtyard by Marriott, Fairfield Inn & Suites, Four Points by Sheraton and SpringHill Suites, which represent more than a third of the properties
Insiders say the hotel industry is ripe for ongoing consolidation, though joining two companies with a merger can be tricky. About 30% of employees leave within a year of a merger. Read the Hotel News Now story here
Room supply is up but it’s being outpaced by increasing demand, both nationally and in Memphis, Tenn., July figures from STR show. Memphis’ year-over-year rises of 2.9% in supply and 4.4% in demand compared to overall increases of 1.8% and 2.3%, respectively. Read The Daily
JW Marriott’s plan for a 10,000-square-foot pool in Nashville highlights the move by hotels in urban areas to use the swimming pool to attract locals and guests. The Hyatt Regency New Orleans Bywater Pool Deck & Bar, for example, has incorporated cabanas and a saltwater
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