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.
Hyatt Hotels Corp. plans to acquire Exhale Spa, a company with 25 locations in the United States and Caribbean. Earlier this year, Hyatt snapped up Miraval Group, owner of Miraval Arizona Resort & Spa. Read the USA Today story here
The National Park Service is expected to sign a lease to allow for the transformation of a historic Hot Springs bathhouse building into a boutique hotel. Read the Arkansas Democrat-Gazette story here
The Orlando area is among five U.S. cities with more than 15,000 hotel rooms planned, according to industry data tracker STR. That’s a surge in the number of rooms planned since STR’s reports this spring, which projected 9,904 rooms just a few months ago. Most
South Florida saw an uptick in occupancy and room rates for July, according to STR. Tourism in the region has been strong, boosting metrics in the Miami area and Broward County. Read the Sun-Sentinel story here
The reopening of the Golden Gate hotel-casino was officially commemorated in downtown Las Vegas. The reopening took place following an expansion to the 111-year-old property, including the addition of a larger casino floor and outdoor bar. Read the Skift/The Associated Press story here
The US hotel sector’s rate of growth is slowing, with a 0.1% uptick in occupancy forecast for 2018 and a 2.3% rise in ADR for a projected 2.4% increase to RevPAR, according to CBRE Hotels‘ Americas Research. Supply is growing faster than demand, which is
A analysis by Fitch Ratings finds that the sway over pricing and development by Hilton Worldwide and Marriott International will push smaller companies to join forces though mergers and acquisitions. Marriott and Hilton continue to expand their holdings while pushing higher room rates. Read the
Hudson’s Bay Co. will open a namesake department store in the Netherlands Tuesday, marking the first time the retailer has put its name on a store outside Canada. The store is the first of 10 locations planned in the Netherlands as part of a $350
Dollar General‘s store remodels that include tests of fresh produce and other food-focused efforts have resulted in sales returns up to four times the rate of the retailer’s standard remodels. Dollar General had completed about 185 store remodels by the end of the second quarter,
Two hotels, each with 181 rooms, are going up in Charlotte, N.C. One will be a Home2 Suites by Hilton and the branding of the second has yet to be released. Read The Charlotte Observer story here
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