The 200-room Hotel Vitale in San Francisco has been sold to LaSalle Hotel Properties for $130 million, according to Hotel Management online. At $650,000 per key, the sale’s per-room price eclipses that of The Ritz-Carlton, San Francisco, which was acquired by Thayer Lodging last year for $476,331 per room. Commune Hotels and Resorts was selected to manage the property.
Skanska completes Portsmouth Marine Terminal offshore wind upgrade
Skanska has completed the redevelopment project for the Virginia Port Authority, upgrading 72 acres of Portsmouth Marine Terminal (PMT) and 1,500 feet of wharf that now serves as an offshore wind staging
