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.
Melia Hotels International, Riu Hotels & Resorts and Iberostar Hotels & Resorts are Spanish hotel companies that are all finding success in New York. Read the HotelNewsNow.com story here
STR Global suggests that new construction will increase hotel capacity, but ultimately damage the market. Researchers expect people to spend a record 1.2 billion room nights in U.S. hotels in 2017, while new construction will bring the national available room nights to 1.8 billion. Read
Canada’s Hudson’s Bay Co., the parent of U.S.-based Saks Fifth Avenue, is considering a bid to buy luxury retailer Neiman Marcus Group, sources said. U.S.-based Neiman Marcus, whose banners include Bergdorf Goodman, said that it is evaluating its strategic options, which include a possible sale.
A developer plans to turn the former Atlantic Club casino in Atlantic City, N.J., into a family-friendly water park. The company will invest $135 million to renovate the hotel and construct the park. Read the NorthJersey.com/The Associated Press story here
Developers have announced plans to build a beach resort in Del Mar, Calif., starting with the purchase of a 16-acre site. Robert Green Co. and Zephyr plan to include a city park in the development. Read the Times of San Diego story here
Higher construction costs are making it harder for retail developers in West Michigan to launch new projects and spurring retailers including Nordstrom Rack and T.J. Maxx to open new stores in existing developments. Retailers’ requests for co-tenancy clauses and exclusive contracts also make it challenging
Melia Hotels International, Riu Hotels & Resorts and Iberostar Hotels & Resorts are Spanish hotel companies that are all finding success in New York. Read the HotelNewsNow.com story here
BrewDog brewery is planning to build a DogHouse hotel in Columbus, Ohio, complete with a spa where guests can enjoy barley massages, a beer-filled whirlpool and face masks infused with hops from their favorite beers. Read the SpaOpportunities.com story here
Developer Remington Nevada has four Las Vegas-area shopping centers under construction. The projects include a Mountain’s Edge center with an Albertsons anchor, a Henderson shopping center with a Goodyear, an Oso Blanca Road project, and a property at Durango Drive and Post Road that may
La Madeleine French Country Cafe will sell 38 of its company-owned restaurants in five markets in a new refranchising effort, the company said. The chain will work with investment bankers to sell the restaurants by market instead of individually, to large operators that can fuel
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