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.
La Quinta will renovate 50 of its corporate-owned properties this year, after building the biggest development pipeline in eight years during 2016. Since the beginning of 2016, more than 100 franchise properties have pursued renovations. Read the HotelNewsNow.com story here
Noodles & Company has shuttered 39 of the 55 underperforming locations set for closure, but it’s also moving forward with plans to open up to 17 new units this year. Eight company-run eateries have opened thus far this year, along with one franchised unit. Read
AccorHotels and Banyan Tree Holdings‘ co-development agreement could provide a template for smaller hotel operators to remain independent while working with the industry’s largest players, according to HotelsMag.com. Accor has taken a 5% stake in Banyan Tree to partner on new properties in the Banyan
HHgregg will shutter 88 underperforming stores by mid-April, or about 40% of its total locations. The chain, which will have 132 stores after the closures, booked a 22% drop in same-store sales last quarter. Read the Chicago Tribune story here
The Days Inn Lincoln Park-North on Chicago’s North Side will become the Hotel Versey this spring. The rebranding honors the original name of the hotel built in the 1920s, known for its popularity with rock stars. Read the Chicago Tribune story here
A $47 million hotel development is being proposed for Fort Worth, Texas. The hotel, operated by Heart of America Group, would feature 200 rooms and could open in 2019. Read the WFAA-TV story here
A 133-key AC Hotel by Marriott is coming to Pittsburgh next year, marking the brand’s debut in the Steel City. Read the Next Pittsburgh story here
Opening an airport concession is much more complicated than launching a traditional retail store, but small merchants increasingly are finding good reasons to overcome the hurdles. Read The New York Times story here
Virgin Hotels will open a 196-key boutique hotel in San Francisco this summer. The company debuted its boutique hotel brand in Chicago two years ago and is planning more. Read the Travel + Leisure story here
A transit-oriented, mixed-use development planned on the site of Qualcomm Stadium in San Diego would be anchored by a soccer stadium. The project includes two hotels; office, commercial and residential space; and acres of open space. Read the Times of San Diego/City News Service story
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