News: Front Section

ROK Builders finalizes 18th major hotel maintenance agreement

ROK Builders, the construction management subsidiary of Roedel Companies, finalized its 18th hotel major maintenance agreement since the launch of its Major Maintenance/Spot Renovation program. The agreement is for work at the Jack Daniels Motor Inn. "ROK Builders, because of its in depth hotel construction experience and owner/operator approach is definitely my first call when I have a major maintenance or spot renovation project," says Eric Lorimer, owner, Jack Daniels Motor Inn. ROK Builders, due to the team's nearly 45 years of experience as hotel owners/operators, enables hotel investors to maximize their CAPEX dollars by helping them to prioritize their major maintenance and spot renovation needs in order to obtain the highest brand scoring and preempt potential liability issues in the most cost effective manner. "Maintaining hotels in first class condition and keeping every room in service is critical in any economy," says Fred Roedel III, president of ROK Builders. "We are hotel owners/operators ourselves so understand that a room night lost is revenue lost. With this in mind we implement major maintenance programs and spot renovations with the objectives of achieving the most value for investment and getting rooms into service as soon as possible." ROK Builders takes a personal approach to every project and adapts to meet the individual requirements of hotel investors and brands. In addition to providing major maintenance, preventative maintenance, spot renovation and cosmetic repair services, ROK Builders provides a full suite of value engineering, renovation and new build services. ROK Builders has nearly 45 years of hotel construction insight and experience which they accumulated as hotel owner/operators themselves. Their in-depth understanding of hotel operations allows them to deliver completed new builds and renovations faster and more economically with little or no guest or staff inconvenience. Whether acting as a construction manager, general contractor or project manager for hotel development and renovation projects, ROK Builders delivers revenue maximizing results to hotel owners and investors. They complete projects on time and within budget while meeting established quality standards. Their national hotel brand experience includes the successful renovation or construction of Fairfield Inns by Marriott, Courtyard by Marriott, Residence Inn by Marriott, La Quinta Inn & Suites, Hilton Garden Inn, Hampton Inn & Suites and Holiday Inn Express properties.
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Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary