10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Kabani Hotel Group Announces Sale of Holiday Inn Express & Suites Florida City

  • LODGING Staff
  • 26 February 2025
  • 1 minute read
Total
0
Shares
0
0
0

This article was written by Lodging Magazine. Click here to read the original article

MIAMI, Florida—Kabani Hotel Group announced the sale of the Holiday Inn Express & Suites Florida City for $13.2 million. Led by Ahmed Kabani and Suraj Dalal, the transaction was completed through a confidential marketing process.

The 105-room property sold for a price per key of $125,714, with a room revenue multiple of 6.33x and was negatively cash flowing during the time of acquisition.

“We were already familiar with this property, having successfully facilitated its sale in 2023 to the previous owner,” said Ahmed Kabani, CEO and 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.”

The Florida hospitality sector saw sustained investor interest throughout 2024, driven by increasing tourism numbers, population growth, and demand for limited-service hotels. Despite ongoing economic shifts and financing challenges, assets like the Holiday Inn Express & Suites Florida City continue to attract institutional and private buyers.

“Our Team was able to navigate the sale of a hotel through a strict, confidential, and targeted process,” said Suraj 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.”

Trending
Find Out How to Earn & Build Guest Loyalty at Your Hotel

With this closing, Kabani Hotel Group continues its momentum into 2025, marking its fifth closing of the year so far.

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Mergers & Acquisitions

Marcus & Millichap Arranges Sale of Element Bentonville

  • LODGING Staff
  • 9 July 2025
View Post
  • Mergers & Acquisitions

Ikos Resorts expands portfolio with new property in Crete

  • k.fytaki
  • 9 July 2025
View Post
  • Mergers & Acquisitions

Hunter Hotel Advisors Brokers Sale of Hampton Inn & Suites El Paso-Airport

  • LODGING Staff
  • 8 July 2025
View Post
  • Mergers & Acquisitions

Sabre completes Hospitality Solutions sale

  • Automatic
  • 8 July 2025
View Post
  • Mergers & Acquisitions

Hawkins Way Capital Acquires Former IHG Hotel to Expand NYC Portfolio

  • LODGING Staff
  • 7 July 2025
View Post
  • Mergers & Acquisitions

TPG Completes Acquisition of Hospitality Solutions From Sabre

  • LODGING Staff
  • 7 July 2025
View Post
  • Mergers & Acquisitions

European Camping Group expands into Spain with Alannia acquisition

  • k.fytaki
  • 3 July 2025
View Post
  • Mergers & Acquisitions

JLL Arranges Refinancing for Baron’s Cove

  • LODGING Staff
  • 2 July 2025
Sponsored Posts
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ

    View Post
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
Last Posts
  • Is Your Hotel Ready for an AI Agent? Signs It’s Time to Automate
    • 9 July 2025
  • Duetto and The Hotels Network Partner to Boost Direct Hotel Bookings and Optimize Marketing Spend
    • 9 July 2025
  • This Week’s Comings & Goings
    • 9 July 2025
  • Duetto and The Hotels Network, a Lighthouse Company, Announce Strategic Partnership to Boost Direct Hotel Bookings and Optimize Marketing Spend
    • 9 July 2025
  • Mews Digital Key partners with Salto smart access, unlocking next-level guest experiences
    • 9 July 2025
Sponsors
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.