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.
To explain hotel food-and-beverage revenue in terms of a meal, catering and banquets might be the meat, hotel restaurants the side of potatoes, and in-room dining the sprig of parsley on the side of the plate. And don’t forget the drinks. Read the Hotel News
Marriott’s luxury Edition Toranomon and Edition Ginza are on track to open in Japan in 2020, in time for the Tokyo Summer Olympics. Read The Japan Times story here
Renovation of a section of the Hotel Valley Ho in Scottsdale, Ariz., is expected to be finished next month. New lighting and flooring are among improvements planned for 46 rooms and suites in the section of the hotel called “The Tower,” which was added in
At the recent 2017 Hotel Data Conference, STR broke down the pipeline and how it relates to existing supply and future projections – a number that stands at 187,000. STR’s under contract data is comprised of three categories: rooms in construction, rooms in the final planning
Developers have won preliminary approval to build a solar-powered hotel in Satellite Beach, Fla. The project is estimated to cost $6 million to $8 million, and the building’s architect said it would use 80% less energy than a conventional counterpart. Read the Florida Today story
The new Waldorf Astoria hotel in Beverly Hills features 170 guest rooms. The hotel, at 12 floors, is the tallest in Beverly Hills. Read the Financial Times story here
A makeover at the Pro Football Hall of Fame is turning an underdeveloped shrine to the heroes of America’s favorite sport into a $750 million mixed-use center of entertainment, residences, offices, research and health care. Read The New York Times story here
Though it’s slowed, year-over-year growth will continue in all categories of hotel industry performance in 2018, CBRE Hotels’ Americas Research forecasts in its new report. Record occupancy will again be achieved, and rising supply will be offset by other economic factors, CBRE predicts. Read the
Construction on a new 81-room hotel at 181 Water Tower Drive in Madison Village will begin today. Read the Star Beacon story here
Best Western Hotels & Resorts announced the opening of the Best Western Premier Historic Travelers Hotel downtown. Read The Business Journals story here
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