RADCO
RADCO Hotel Division Acquires Aloft Phoenix-Airport Hotel
The RADCO Companies | August 8, 2023
(Phoenix, AZ – August 8, 2023) – The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, has acquired the 143-room Aloft Phoenix-Airport hotel in Phoenix, AZ. Bill Murney with Cushman & Wakefield’s Hospitality team in Phoenix brokered the sale on behalf of the seller. Additional terms of the deal were not disclosed. Aloft Phoenix-Airport is a select service boutique hotel located at 4450 East Washington Street, adjacent to the Phoenix Sky Harbor International Airport (PHX), which served over 40 million passengers last year, and across the street from the airport’s Sky train station and t...
RADCO Hotel Division Acquires the 112-Key Aloft Sugarloaf in Northeast Atlanta, Geogia
The RADCO Companies | October 19, 2022
(Atlanta, GA – October 19, 2022) – The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, has acquired Aloft Sugarloaf in Atlanta, a newly developed five-story, 112-key hotel located directly off I-85, one of the nation’s busiest interstates. Additional terms of the deal were not disclosed. Monty Levy and Ketan Patel of Hospitality Real Estate Counselors (HREC) brokered the sale. The property, which opened just three weeks ago, will be managed by Hospitality Ventures Management Group (HVMG). Located in the Northeast Atlanta submarket, Aloft Sugarloaf features a pool, fitness center and 24-...
RADCO Hotel Division Acquires Three Courtyard by Marriott Hotels Along Florida’s Gulf Coast
RADCO | October 12, 2022
(Atlanta, GA – October 12, 2022) – The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, has added three more properties to its fast-growing portfolio. Focused on growing Southeastern markets with strong business and tourist populations, RADCO has acquired three Courtyard by Marriott hotels along the Gulf Coast with over 300 rooms. Additional terms of the deal were not disclosed. Hunter Hotel Advisors brokered a deal including the Courtyards in Pensacola and downtown Panama City Beach, while CRBE Hotels served as broker for the Courtyard in downtown St. Petersburg. Two of the three properties...
RADCO Acquires Three Hotels in Panama City Beach, Florida
The RADCO Companies | September 27, 2022
(Atlanta, GA – September 27, 2022) – The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, has acquired three new hotels in the Gulf of Mexico resort community of Panama City Beach, FL. The properties add 281 new Marriott and Hilton rooms to RADCO’s fast-growing Hospitality Division. Additional terms of the deal were not disclosed. The properties include a Home2 Suites, adjacent Fairfield Inn & Suites, and a Hampton Inn. All three hotels will be managed by LBA Hospitality. Hospitality Real Estate Counselors (HREC) served as brokers for the Home2 Suites and Fairfield Inn properties, with ...
Hospitality Ventures Management Group (HVMG) Assumes Management of DoubleTree by Hilton Hotel Atlanta – Alpharetta
Hospitality Ventures Management Group | November 18, 2021
ATLANTA, GA — November 18, 2021 — Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management and investment company, today assumed operations of the 80-room DoubleTree by Hilton Hotel Atlanta – Alpharetta. The hotel is owned by RADCO, an Atlanta-based national real estate company that specializes in the acquisition and redevelopment of value-add hospitality and multi-family investments. “The DoubleTree by Hilton Hotel Atlanta – Alpharetta follows our strategy of working with best-in-class owners, such as RADCO, who target well-respected branded hotels in markets with diverse demand generato...
