Spearheaded by Ahmed Kabani and Suraj Dalal, the transaction was completed through a strictly confidential marketing process.
“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.”
The Florida hospitality sector saw sustained investor interest throughout 2024, driven by increasing tourism numbers, population growth and demand for well-branded, limited-service hotels, according to the company. Despite ongoing economic shifts and financing challenges, assets like the Holiday Inn Express & Suites Florida City continue to attract institutional and private buyers seeking long-term value.
“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.”
The transaction marked Kabani Hotel Group’s fifth closing of the year so far.
Tags: Kabani Hotel Group, Dalal, Holiday Inn Express and Suites Florida City
