Strategic Hotels takes full ownership of San Diego’s Hotel del Coronado

Blackstone Group has sold its 63.6 percent stake in the 757-room Hotel del Coronado in San Diego to its joint-venture partner Strategic Hotels & Resorts. Under the deal, Strategic will pay $210 million and assume a $475 million mortgage on the property. Read the Bloomberg 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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