SHERIDAN, WYOMING – Mar. 2, 2025 – Kabani Hotel Group, a prominent hospitality brokerage firm, has successfully facilitated the sale of the Holiday Inn Express & Suites Florida City for $13.2 million. This transaction, involving the 105-room property, underscores the continued strength of the Florida hospitality market despite economic challenges.
Key Transaction Details
The sale of the Holiday Inn Express & Suites Florida City was completed at a price per key of $125,714, with a room revenue multiple (RRM) of 6.33x. Notably, the property was negatively cash flowing at the time of acquisition, highlighting the strategic vision of the new owners.
Strategic Marketing and Targeted Outreach
Ahmed Kabani, CEO/founder, and Suraj Dalal, partner, of Kabani Hotel Group, spearheaded the transaction through a strictly confidential marketing process. This approach allowed for a focused and efficient sale, ensuring the right buyer was identified.
“We were already familiar with this property, having successfully facilitated its sale in 2023 to the previous owner,” said Kabani, CEO/founder, Kabani Hotel Group. “Following the completion of renovations and the required PIP, we leveraged our market expertise and targeted outreach to carefully select a buyer who recognized the property’s potential.”
Florida Hospitality Market Resilience
The Florida hospitality sector has demonstrated sustained investor interest throughout 2024, driven by increasing tourism numbers, population growth, and the demand for well-branded, limited-service hotels. This trend highlights the state's attractiveness for both institutional and private buyers seeking long-term value.
Overcoming Market Challenges
Despite ongoing economic shifts and financing challenges, Kabani Hotel Group successfully navigated the complexities of the sale.
“Our team was able to navigate the sale of a hotel through a strict, confidential and targeted process,” added Dalal, partner, Kabani Hotel Group. “We identified the buyer within 15 days. Despite facing multiple headwinds such as limited capital market availability and high insurance premiums, the deal was closed on time.”
Kabani Hotel Group's Continued Success
This transaction marks Kabani Hotel Group’s fifth closing of the year so far, reinforcing their position as a leading hospitality brokerage firm. Their ability to efficiently manage complex deals in a challenging market speaks to their expertise and strategic approach.
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