DiamondRock Hospitality has sold the Torrance Marriott South Bay in Torrance, Calif., to an undisclosed buyer for $76 million. The 487-room property earned $5.4 million in profits before interest and taxes during the 2012 fiscal year. Read the GlobeSt.com story here.
Stone Martin Commercial finishes first ground-up project in Alabama
Stone Martin Commercial, a division of Stone Martin Builders, a leading homebuilder in Alabama, completed construction on its first ground up build project, the Wyndham Industrial Warehouse in Opelika, Alabama. This achievement signifies