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.
Upscale French furniture company Roche Bobois is adding a New York City location on the Upper West Side, expanding its presence when many retailers have pulled back on brick-and-mortor stores, the The Wall Street Journal reports.
With a nearly unanimous vote of team owners in Phoenix, the Oakland Raiders are set to depart for their new home in Las Vegas by 2020. Las Vegas officials put up $750 million in public funds toward a planned $1.9 billion, 65,000-seat domed stadium, to
Target unveiled a new store prototype this week that will accommodate both leisurely shoppers and quick-trip customers. The redesigned stores will have a 10-minute parking area and a separate entrance for customers picking up online orders, as well as brand boutiques and curved center aisles
With sustained demand meeting the nation’s thickest pipeline of new supply, New York hoteliers are expected to see modest rate growth, but not until next year. Foreign visitor falloff is already underway due to the strong dollar and White House travel policy reverberations. Read the
Life Hotel in New York City is on track to open this spring with 98 rooms. The hotel occupies the former headquarters of Life magazine. Read The Telegraph story here
With sustained demand meeting the nation’s thickest pipeline of new supply, New York hoteliers are expected to see modest rate growth, but not until next year. Foreign visitor falloff is already underway due to the strong dollar and White House travel policy reverberations. Read the
ESH Hospitality, the REIT subsidiary of Extended Stay America, has a five-year plan to expand its market share by concentrating on individual assets and markets instead of the portfolio plays it focused on in its last five-year plan. The plan also includes shedding non-core assets;
Club Med is pursuing the development of all-inclusive resorts in China following its acquisition of Fosun Group. China will become the French company’s No. 2 market in coming years. Read the HotelsMag.com story here
The 66-key Pier 5 Hotel in Baltimore is now part of Hilton‘s Curio Collection, following the hotel’s $1 million revamp. The property features multiple meeting rooms and two ballrooms. Read the Meetings-conventions.com story here
With sustained demand meeting the nation’s thickest pipeline of new supply, New York hoteliers are expected to see modest rate growth, but not until next year. Foreign visitor falloff is already underway due to the strong dollar and White House travel policy reverberations. Read the
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