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.
Developers are seeking approval to build a 112-room Courtyard by Marriott in Charleston, S.C. Charleston’s Gentry Hotel, meanwhile, is planning an 18-room expansion. Read The Post and Courier story here
The Ace Hotel will open this fall near Chicago’s Fulton Market District. The property will feature the first Stumptown Coffee Roasters cafe in the Midwest. Read the Eater story here
Condor Hospitality Trust sold its Savannah Suites hotel in Atlanta, which it described as a legacy asset, for $3 million. During 2016, the real estate investment trust sold 25 assets as it worked to reposition its portfolio. Read the The Business Journals/Atlanta
Fresh Thyme Farmers Market will roll out two additional stores in Omaha, Neb., on Feb. 22 as part of the retailer’s Midwest expansion plan. The chain of better-for-you groceries aims to grow from 48 to 70 stores by the end of the year. Read the
Whole Foods Market will open two stores in Canada this year, in North Vancouver and Toronto, but will drop plans for two others in Edmonton and Calgary. The U.S.-based grocer operates 12 stores in Canada and plans outlined by CEO John Mackey in 2015 call
The Pizza Patron brand has been sold to the company’s biggest franchisee, Charles Loflin, who operates 33 of the Dallas-based chain’s 93 units. The deal includes the brand assets, a single corporate restaurant and 10 eateries that were owned by Pizza Patron founder Antonio Swad.
Hersha Hospitality Trust has partially closed on a five-property portfolio deal that it announced last year. Two hotels in the suburbs of Washington, D.C., closed for $62 million as originally planned, but Hersha and the buyer renegotiated the price for the remaining three hotels on
Los Angeles has completed 42 large construction projects since 2010, and 37 more major projects being built, many of which are outlined here. It’s the most construction activity the city has seen since the 1920s. Read the Los Angeles Times story here
Construction of an 8-acre lagoon at a $1 billion water park development in Rowlett, Texas, will begin in March. The 262-acre project will include commercial, office and residential space, beach clubs, a hotel and lakefront trails. Read the The Dallas Morning News story here
AccorHotels‘ newest division will oversee its boutique brands beginning Feb. 1. The company owns the Jo&Joe youth hostel brand and has ownership stakes in Mama Shelter and 25hours Hotels. Read the Reuters story here
Sign up for our eblasts to get updated information, news and opportunities.
Always stay two steps ahead of your Competitors. Stay informed with the latest in the Industry.
This site uses cookies to ensure that you get the best user experience. By choosing “Accept” you acknowledge this and that ccr-mag.com operates under the Fair Use Act. Furthermore, Changing privacy laws now require website visitors from EEA based countries to provide consent in order to use personalized advertising or data modeling with either Google Ads & Analytics. Find out more on the Privacy Policy & Terms of Use Page