JHM Hotels affiliate buys Embassy Suites in Raleigh, N.C., for $22M

The 225-room Embassy Suites hotel in Raleigh, N.C., was sold by its Texas-based owner and operator FelCor Lodging Trust to an affiliate of JHM Hotels for $22 million. JHM currently has 37 hotels as part of its portfolio, which include three Westin-brand properties and two Fairfield Inn hotels. Read the American City Business Journals/Raleigh/Durham, N.C./Real Estate Inc. blog 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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