MIAMI, Florida—Kabani Lodge Group introduced the sale of the Vacation Inn Categorical & Suites Florida Metropolis for $13.2 million. Led by Ahmed Kabani and Suraj Dalal, the transaction was accomplished via a confidential advertising course of.
The 105-room property offered for a value per key of $125,714, with a room income a number of of 6.33x and was negatively money flowing throughout the time of acquisition.
“We had been already conversant in this property, having efficiently facilitated its sale in 2023 to the earlier proprietor,” stated Ahmed Kabani, CEO and founder, Kabani Lodge Group. “Following the completion of renovations and the required PIP, we leveraged our market experience and focused outreach to rigorously choose a purchaser who acknowledged the property’s potential.”
The Florida hospitality sector noticed sustained investor curiosity all through 2024, pushed by rising tourism numbers, inhabitants development, and demand for limited-service inns. Regardless of ongoing financial shifts and financing challenges, property just like the Vacation Inn Categorical & Suites Florida Metropolis proceed to draw institutional and personal patrons.
“Our Crew was in a position to navigate the sale of a resort via a strict, confidential, and focused course of,” stated Suraj Dalal, accomplice, Kabani Lodge Group. “We recognized the client inside 15 days. Regardless of going through a number of headwinds equivalent to restricted capital market availability and excessive insurance coverage premiums, the deal was closed on time.”
With this closing, Kabani Lodge Group continues its momentum into 2025, marking its fifth closing of the 12 months up to now.
