Strategic Hotels makes $140M buy in Ariz.

Strategic Hotels & Resorts has announced the acquisition of Arizona’s Four Seasons Resort Scottsdale at Troon North, in a $140 million deal that values each of the 210 rooms at $666,000. Walton Street Capital was the seller, and the purchase includes 13.8 acres zoned to accommodate up to 88 hotel rooms and potential for residential development. Read the Hotel Management online 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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