MIAMI, Florida—The Kabani Lodge Group introduced that Ahmed Kabani, chief government officer and founder, together with companions Suraj Dalal and Kian McLean, has efficiently accomplished the leasehold curiosity sale of the Wyndham Backyard Tallahassee Capitol, a 147-room property positioned in Tallahassee, Florida. The transaction closed at a sale worth of $7,915,000, representing a worth per key of $53,844.
Kabani Lodge Group held an unique itemizing for the property. The asset required a defeasance course of to facilitate the sale. Regardless of working with unfavorable money movement, the property traded at a 2.72x room income multiplier.
“This was a difficult deal that required us to navigate a number of complexities, together with CMBS mortgage defeasance, leasehold switch, constrained debt availability, and a number of prior failed sale makes an attempt,” stated Suraj Dalal, companion at Kabani Lodge Group. “As our eleventh resort closing of 2025, we have been in a position to leverage our intensive deal historical past and investor relationships to carry this to a profitable shut.”
“This transaction actually examined the depth of our purchaser community,” stated Kian McLean, companion at Kabani Lodge Group. “Given the challenges, from CMBS defeasance to a leasehold construction and unfavorable money movement, solely a extremely certified and motivated purchaser may get this to the end line. The truth that we have been in a position to supply such a purchaser speaks volumes in regards to the attain and power of our investor relationships.”
The Kabani Lodge Group has accomplished 11 resort transactions in 2025 up to now, with nearly all of these happening in Florida.
