Chesapeake Lodging buys San Francisco hotel for $147.2M

The 337-room JW Marriott San Francisco Union Square has been sold to Chesapeake Lodging Trust for $147.2 million. Chesapeake will pay for the hotel using the proceeds from the sale of the 153-room Courtyard Anaheim in Anaheim, Calif., and a public offering of 4.2 million common shares. Read the GlobeSt.com story here

Industry News

Vendor News

Norco Constr. promotes Erik Rappel to COO

General contractor, construction manager and design/builder Norco Construction promoted Erik Rappel to Chief Operating Officer. He most recently served as Norco’s Vice President of Operations, after originally joining the firm in 2017

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Vendor New Products

BITEC Expands Imperflex Line with New Base Sheet

BITEC, Inc. will be introducing its Imperflex® SA2 two-square self-adhered base sheet at the International Roofing Expo (IRE) in February, in response to contractor requests for a two-square option for installing BITEC’s popular Imperflex self-adhered

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