Thayer Lodging Group acquires Ritz-Carlton San Francisco for $161M

Thayer Lodging Group has agreed to buy the 336-room Ritz-Carlton San Francisco from Host Hotels & Resorts for about $161 million, according to Bloomberg Businessweek. Thayer Group says it plans to invest up to $17 million in renovations on the property within the next two years. The sale took place amid a rapid rise in average daily rates in the San Francisco market, with nightly room rates up 7.5% this year through April.

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

Read More »

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

Read More »
CCR LINE-UP

Commercial Construction & Renovation
The Official Networking Group
of CCR Magazine

678-940-6433