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.
The Williamsburg neighborhood of Brooklyn, New York, has attracted multiple hotel developments, including the recently opened William Vale hotel, the Wythe Hotel and Williamsburg Hotel. Another hotel, the Hoxton, is planning to open in 2017. Read The Daily Beast story here
A renovation project that’s expected to last at least two years will close down the Waldorf Astoria New York as of March 1. Owners pledge to retain the historic charm of the 85-year-old destination of the rich and royal. Read the USA Today story here
A developer plans to remodel the historic TWA Flight Center at John F. Kennedy International Airport and turn it into a 500-room hotel. A groundbreaking was held to mark the start of construction, and work is expected to be completed in 2018. Read the TimesLedger
Starbucks is on track to boost same-store sales 5% this year and expand its global store count by 8.4%, putting it on track to surpass McDonald’s as the most valuable restaurant chain in the world, according to Nomura. The beverage business has fewer competitors than
The first restaurants have opened in a new mall in the Bixby Knolls neighborhood of Long Beach, Calif., in storefronts created from used shipping containers. Steelhead Coffee and Smog City Brewery have opened ahead of the center’s official February debut, and several others including a
Oklahoma’s Hyatt Regency Tulsa is on track to complete its $8 million renovation in April. The work includes updating all 444 guest rooms. Read the Tulsa World story here
The Steamboat Springs Planning Commission in Colo. has approved the conversion of over half the hotel rooms in Sheraton Steamboat Resort to timeshares. The move will modernize the facility, which was built thirty-five years ago. Read The Steamboat Pilot & Today story here
Fortuna Realty Group has received $65 million in financing from M&T Bank for a 176-room hotel project in New York. The independent property will be named Hotel Hendricks. Read The Real Deal story here
Fresh food retailer Urban Remedy, known most for its cold-pressed juices, plans to expand its chain of small retail sites across the San Francisco Bay area this year from seven to 15 locations. The stores also sell packaged salads and other fresh-prepared foods that are
Retaining staff and the cost of potential new overtime regulations in the United States are key challenges for the hospitality sector for 2017. Read the HotelNewsNow.com story here
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