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Atlanta & Southeast  + Atlanta Metro  + Hospitality  | 
The RADCO Companies has acquired Aloft Sugarloaf hotel in Lawrenceville, GA.

RADCO Hotel Division Marks 10th Hospitality Buy with Aloft Sugarloaf in Lawrenceville

Atlanta, GA-based The RADCO Companies has acquired Aloft Sugarloaf in the Northeast Atlanta submarket of Lawrenceville, GA. The newly built, a five-story, 112-key hotel is located directly off I-85.

Monty Levy and Ketan Patel of Hospitality Real Estate Counselors brokered the sale. The property will be managed by Hospitality Ventures Management Group.

The deal marks the 10th acquisition by RADCO’s hotel division, which launched in 2021 in response to the COVID-19 pandemic’s operational and capital markets disruptions in the hospitality sector.

“RADCO continues to find ways to deploy capital into the hospitality industry in what has proven to be a challenging time in the industry, with a volatile debt market and rising inflation,” said Bhavnesh Vivek, VP of hotel acquisitions.

According to RADCO, the property was acquired at a basis below today’s replacement cost and the company was attracted to its Marriott brand affiliation in a submarket that has seen tremendous growth, with more coming with the mixed-use development of the Gas South District.


Inside The Story

The RADCO Companies' Vivek

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition