DiamondRock buys hotels in NYC, Florida

DiamondRock Hospitality has expanded its portfolio with hotel acquisitions in New York and in Key West, Fla. DiamondRock paid $127.2 million for the 282-room Hilton Garden Inn/Times Square Central and bought the 106-room Inn at Key West for $47.5 million. Highgate Hotels will manage the New York hotel, while the hotel in Key West will remain under management by an independent firm. Read the American City Business Journals/Washington, D.C. 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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