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.
84 Lumber Again Recognized as National Preferred Partner by David Weekley Homes
84 Lumber was recognized for the sixth consecutive year on David Weekley Homes’ prestigious 21st annual National Preferred Partner List. The company earned its place among 118 distinguished competitors, marking another milestone
