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RADCO Acquires Civil Rights Landmark Hotel in Downtown Atlanta
The RADCO Companies has acquired The American Hotel from Legacy Ventures, which has been retained to continue providing management services for the 315-room property in downtown Atlanta.
Opened in 1962 as the American Motor Hotel, the property has a rich history as the first racially integrated hotel in downtown Atlanta and was cited as an important catalyst in the relocation of MLB’s Braves franchise to Atlanta in 1966. The American Hotel became a fixture of the civil rights movement and hosted meetings of influential leaders such as Martin Luther King Jr.
Legacy Ventures acquired the hotel in 2015 and completed a comprehensive $16 million renovation program in 2017 that embraced a retro 1960s theme. RADCO plans to up brand the asset to Hilton’s Tapestry Collection. The deal marks the third acquisition by RADCO’s hotel division, which launched in 2021 in response to the pandemic’s operational and capital markets disruptions in hospitality.
- ◦Sale/Acquisition
