Watertown’s newest hotel has been sold for $71 million to a Texas-based real estate investment trust. The Residence Inn by Marriott on Arsenal Street was sold by Boylston Properties, the group that developed the hotel, to Summit Hotel Properties from Austin, Texas, according to a report on GlobeSt.com. Summit owns 77 hotels in 26 states, according to the report. Read the entire report by clicking here: https://www.globest.com/2018/10/01/summit-hotel-properties-acquires-residence-inn-by-marriott-boston-watertown/
The Newton-Needham Regional Chamber provided the following announcement:
Each fall the Newton-Needham Regional Chamber recognizes two high or middle school students who demonstrate exceptional qualities around leadership, entrepreneurship and business. Past recipients have included students who’ve started their own business, created a unique app or product, or somehow demonstrated unique entrepreneurial skills.
To qualify, students must currently reside in and/or attend a middle or high school in Newton, Needham, Watertown or Belmont and have not yet completed high school. Honorees will be recognized at the chamber’s annual Fall Business Breakfast on Tuesday, Nov. 13 at the Newton Marriott Hotel. We are now seeking your nominations for our 2018 Young Entrepreneur.
With approvals for all but one building in the new Arsenal Mall, construction is moving full speed ahead at Arsenal Yards. The public can only access a small portion of the site right now, but Andrew Copelotti, principal with Boylston Properties, led a tour of the site. The walk started over a large expanse of dirt, which includes the former under pass beneath the mall. The entire building that used to sit on top of it is now gone. Where the dirt is located will become Building F, which will include Roche Bros.
The Town Council approved changes to the Bring Your Own Bag ordinance on Tuesday, which bans stores from handing out single-use plastic bags, but the changes will not take effect right away. The changes came about after some stores began using plastic bags that complied with the rules of initial BYOB Ordinance, but the bags did not meet the goals of the people who first proposed the rules, said Councilor Ken Woodland. “The Bring Your Own Bag Ordinance originally allowed reusable bags by their thickness, but some were skirting the intent of the Ordinance,” Woodland said. The original ordinance allowed plastic bags that are 4 mils or thicker, but the changes remove that allowance, and adds a definition of reusable bags. The new ordinance reads that it must be “sewn bags with stitched handles designed for multiple use.”
The Newton Needham Regional Chamber has some events coming up in and around Watertown. The following information is from the Newton Needham Chamber:
Business After Hours at Watertown Savings Bank
Wed. Oct. 17, 5:30-7 p.m.
60 Main St., Watertown
Free for members and nonmembers
Join us in the heart of Watertown at the iconic Watertown Savings Bank for a Business After Hours networking event. Make lots of new connections while enjoying complimentary refreshments courtesy of our hosts.