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.
Pala Casino Spa & Resort unveiled plans for a $170 million expansion and renovation of its property. The work will include a new, 349-room hotel tower, bringing the property to 854 rooms in total. The business also plans new hotel suites, as well as multiple
Changes are coming to Brea Downtown, but the biggest could be a hotel at the former site of Tower Records. A proposal for a five-level hotel has been discussed with the city and a submission for an application is expected soon. Read The Orange County
Nashville, Tenn., has seen revenue per available room grow each year since 2012, with growth peaking in 2014 at 18.5%. RevPAR increased by 8% last year, as average daily rates grew by 6%. Read the Hotel News Now story here
A food and entertainment hub in Fishers, dubbed “The Yard,” could have up to 18 restaurants, a hotel, retail shops and green space for concerts and wine tastings. Read The Indianapolis Star story here
The owners of SoBro Guest House plan to add two new structures to the existing hotel, which respectively will house a bar with a rooftop deck plus offices and storage space. Read The Tennessean story here
An abandoned, postwar brick commercial building that most recently served as a private school could soon be demolished to make way for a new hotel. Read the Curbed/Atlanta story here
Hyatt will remain in the hotel ownership and development business, even as its franchise business powers growth overall. Hyatt plans to retain key properties, as others such as Wyndham and La Quinta spin off real estate holdings. Read the Hotel News Now story here
InterContinental Hotels Group is leaving the alternative accommodations market to others for the time being and focusing on development of a new midscale brand. Except for a deal to buy Kimpton Hotels and Restaurants, IHG has focused on expansion of its core portfolio. Read the
Consumers are doing more of their spending at small, local shops that can offer personalized service, which has proven to be a boon for small brick-and-mortar merchants. About 70% of millennials say they want to buy American-made products and 40% report a preference for shopping
Westin will reflag the Hapuna Beach Prince Hotel on Hawaii’s Big Island early next year after the beachfront resort receives a $46 million renovation. Read the Travel Weekly Read The Boston Globe story here
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