Thayer Lodging Group has agreed to buy the 336-room Ritz-Carlton San Francisco from Host Hotels & Resorts for about $161 million. 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 percent this year through April. Read the Bloomberg Businessweek story here.
BOND Building Construction tops off Massachusetts Maritime Academy STEM Building
BOND Building Construction recently celebrated the “topping off” of a new Science, Technology, and Engineering building for Massachusetts Maritime Academy (MMA). A traditional ceremony representing the placement of a construction project’s final
