MIAMI, Florida—Kabani Lodge Group introduced the profitable sale of the Southern Oaks Inn St. Augustine, a 124-room exterior hall property in St. Augustine, Florida. The lodge offered for $12,501,000, equating to roughly $100,814 per room. The transaction was completely listed and brokered by Lucas Mondino, accomplice at Kabani Lodge Group.
“We introduced this asset to market with a tailor-made technique and had been in a position to generate a number of aggressive gives throughout the first 30 days,” mentioned Lucas Mondino. “Regardless of historic operational challenges, the property’s location, land dimension, and upside potential drove robust investor curiosity.”
Initially inbuilt 1973, Southern Oaks Inn sits on roughly 5.75 acres. The lodge’s two-story, exterior-corridor structure gives ease of entry for leisure vacationers and teams. The property supplies proximity to St. Augustine points of interest.
The vendor, an absentee tech-sector possession group, invested considerably in recent times, together with full roof replacements and mould remediation/renovation work following momentary income declines.
“St. Augustine stays one among Florida’s most resilient secondary markets—excessive ADRs, walkability, and improvement restrictions make it an investor favourite,” mentioned Ahmed Kabani, founder and chief govt officer of Kabani Lodge Group. “We’re proud to ship outcomes that align with our purchasers’ expectations and market timing.”
