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Ascend Hospitality buys 5 Stanford’s units from Landry’s
posted on Oct 11 19

Bellevue, Wash.-based Ascend Hospitality Group has acquired five Stanford‘s restaurants from Landry’s, which bought the units as part of its acquisition of Restaurants Unlimited. The new owner will renovate the restaurants and introduce regional menu items and decor elements. Read The Seattle Times story here

Posted by: Mike Pallerino
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Boston’s Back Bay to host North America’s first Raffles hotel
posted on Oct 11 19

The world’s 15th Raffles hotel—and the first in North America—is coming to Boston in 2022 as the former Boston Common Hotel in Back Bay is razed and rebuilt into a 33-story tower with 147 guest rooms and a similar number of branded residences. The $400 million property will have a two-story “sky lobby,” six dining options and a rooftop garden terrace with a lounge. Read The Business Journals story here

Posted by: Mike Pallerino
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Latest in Hilton Conrad series makes Manhattan debut
posted on Oct 11 19

Hilton’s luxury brand Conrad Hotels & Resorts has opened Conrad New York Midtown, a 562-key hotel in the heart of Manhattan. Designed by Stonehill Taylor, the development marks the brand’s second New York City property and follows the opening of the 360-key The Conrad Washington, D.C. , in March. Read the Commercial Property Executive story here

Posted by: Mike Pallerino
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Survey: Construction employment up
posted on Oct 11 19

Construction employment grew in 252 out of 358 metro areas between August 2018 and August 2019, declined in 60 and was unchanged in 46, according to a new analysis of federal employment data by the Associated General Contractors of America. Association officials said that while firms are finding ways to add staff, a recent survey found 80 percent of contractors are having a hard time finding enough workers to hire. (more…)

Posted by: Mike Pallerino
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Report: U.S. leads world in hotel projects
posted on Oct 10 19

The U.S. leads the world in the number of hotel projects in preparation or starting construction with 5,656, accounting for 40% of the global total, according to a report by Lodging Econometrics. U.S. cities with the most projects are New York City with 166, closely followed by Dallas, Los Angeles and Houston. Read the Construction Dive story here

Posted by: Mike Pallerino
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