The RADCO Companies (RADCO) 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 Hunter Hotel Advisors brokering the Hampton Inn deal.
