Legacy Ventures Completes Sale Of The American Hotel, Retains Management
Legacy Ventures, with the support of The Plasencia Group, has closed the sale of The American Hotel to The RADCO Companies (RADCO). Legacy Ventures acquired the 315-key 50-year-old hotel in 2015 and undertook an innovative $16 million dollar renovation and repositioning to embrace the property’s rich history. The newly-concepted American Hotel, a Double Tree by Hilton, debuted in 2017 and showcased mid-century modern design alongside first-class service and amenities. The American is located in the heart of Downtown Atlanta, proximate to some of the city’s biggest demand generators, including the Georgia World Congress Center, Centennial Olympic Park, Georgia Aquarium, State Farm Arena, Mercedes-Benz Stadium, and the Peachtree business corridor. Legacy Ventures Hotel and Restaurant Management teams were selected by RADCO to continue the operations of the hotel and its food and beverage.