Rockwood Capital acquires Aloft, Element Lexington in Mass.

Rockwood Capital has completed its purchase of the Aloft Lexington and Element Lexington in Lexington, Mass., from Starwood Hotels & Resorts Worldwide. The dual-hotel property, which includes 136 rooms under Aloft Lexington and 123 rooms by Element Lexington, was sold for $36 million. The new owner plans to retain the property’s branding and place it under the management of Paramount Hotel Group. Read the Travel Daily News International 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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