RADCO Branches Out into Hospitality with Doubletree Acquisition
The RADCO Companies has acquired the 174-room, full-service DoubleTree by Hilton Atlanta Roswell hotel in Roswell for $13.75 million from a real estate fund divesting of hospitality assets. The deal marks the first acquisition by RADCO’s new hotel division, which was launched in early 2021 in response to the COVID-19 pandemic’s operational and capital markets disruptions in the hospitality sector
The seven-story property was constructed in 1985 and consists of 76 double-double and 98 king rooms, meeting space, a full-service restaurant and bar, fitness center, mini market and outdoor pool. RADCO plans to modernize and upgrade the hotel, similar to the capital improvement strategies the company has applied to previous multifamily acquisitions.
The new hotel division expands RADCO’s investment capabilities and complements its existing multifamily, capital, and third-party management platforms. CEO Norman Radow said the company is actively seeking out hospitality assets in line with its overall opportunistic investment strategy.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).