published Friday, October 19th, 2012

Business Briefs: Bi-Lo unveils updated store

Bi-Lo unveils updated store

Bi-Lo will unveil its latest updated store in the region in Dayton, Tenn., Wednesday.

The grand reopening will kick off at 420 Market St. at 10 a.m. with Bi-Lo Regional Vice President Fred Shropshier and District Director Daryl Massey.

"We are dedicated to being Dayton's neighborhood grocer and will continue to provide shoppers with excellent value on a wide variety of high-quality products all with exceptional customer care," said Massey.

Hampton Inn gets LEED award

The Hampton Inn & Suites in downtown Chattanooga has received the Silver Leadership in Energy and Environmental Design certification for new construction.

The hotel, which is owned and operated by the Chattanooga-based Vision Hospital Group, is the first Chattanooga hotel to get the environmental honor.

The hotel features natural lighting, heat wheel energy recovery equipment, rainwater collection systems and low-flow faucets to reduce water use in the property's sinks.

"We have always sought to be leaders and innovators in the hotel industry and place sustainability and community stewardship at the head of each project," Vision CEO Mitch Patel said.

Mortgage rates dip near record

The average U.S. rate on a 30-year fixed mortgage has fallen to near the record low set earlier this month.

The rate on the most popular mortgage dipped to 3.37 percent from 3.39 last week, mortgage buyer Freddie Mac said Thursday.

Two weeks ago, the rate reached 3.36 percent, its lowest level on records dating to 1971.

The average rate on the 15-year fixed mortgage, often used for refinancing, set a record low of 2.66 percent, down from last week's 2.7 percent.

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