RADCO Companies announced its purchase of the 97-room hotel located at 116 San Marco Ave.
The seller is Coral Gables-based Driftwood Capital, registered under 116 San Marco St. Augustine Owner LLC. It bought the property in 2017 for $18.5 million.
The sale marks the 11th acquisition — and eighth hotel acquisition in the past three months — by RADCO’s hotel division that began in 2021, according to a press release. The firm has acquired four hotels in the Atlanta market and six Florida properties in the Panhandle and St. Petersburg. “DoubleTree by Hilton in historic downtown St. Augustine is an incredible asset in an absolutely perfect location,” RADCO CEO Norman Radow said in the release. “The hotel is already performing extraordinarily well, and we intend to invest in significant upgrades to improve and modernize the customer experience.”
Scott Stephens, Paul Sexton and Tammy Bateman of Hospitality Real Estate Counselors brokered the sale.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Edwards leads Timberwolves past flustered Mavericks 116-106Anthony Edwards had 27 points, 13 rebounds and nine assists to lead the Minnesota Timberwolves to a 116-106 victory on Monday over the unglued Dallas Mavericks.
Weiterlesen »
This woman lost 116 pounds — now her grandchildren can sit on her lap“I had to do something. I wouldn’t be able to play with my grandchildren on the floor or even live to see them grow up.”
Weiterlesen »
Game preview: San Diego State vs. UC San DiegoThe 8-3 Aztecs host the 5-6 Tritons at Viejas Arena in the final game for both teams before conference begins
Weiterlesen »
Inclement weather shelters for homeless activated in San DiegoThe Inclement Weather Shelter Program for San Diegans experiencing homelessness was activated Monday by the San Diego Housing Commission in partnership with the city of San Diego.
Weiterlesen »
OB businesses repeatedly broken into and burglarized -SAN DIEGO (KUSI) – Several more businesses in Ocean Beach have been broken into and burglarized. Some of these places have been hit more than once, like the brew pub called California Wild Ales. KUSI’s Dan Plante went live in Ocean Beach with reactions from several business owners. Categories: Good Evening San Diego, Good Morning San Diego, Local San Diego...
Weiterlesen »
2023 Migrant Voices Film ChallengeThe San Diego Union-Tribune, The San Diego Union-Tribune en Español and Media Arts Center San Diego’s 30th annual San Diego Latino Film Festival (March 9–19, 2023) invite international media artists and journalists to participate in this unique and ongoing cross-border project.
Weiterlesen »