Kabani Hotel Group Brokers Three Deals Worth $18.5M

Kabani Hotel Group has brokered three hotel transactions totaling $18.5 million across Florida and Georgia, Hotel Business reported [1]. The completed deals include the $7.225-million sale of the Comfort Inn Gainesville – University Area, the $6-million off-market sale of the La Quinta Inn & Suites Fort Myers Airport, and the $5.25-million sale of an adaptive-reuse property in Lithia Springs, Georgia [1].

How did Kabani resolve the Gainesville leasehold challenges?

Kabani Hotel Group resolved the Gainesville deal challenges by packaging the leasehold sale with an assignment of the underlying land purchase contract, enabling the buyer to acquire both simultaneously for $7.225 million, or approximately $87,048 per room, according to Hotel Business [1].

Led by founder and CEO Ahmed Kabani alongside partner Suraj Dalal, the transaction began as an offering for only the leasehold interest [1]. To expand the buyer pool, the brokerage collaborated with the leaseholder to put the underlying land under contract [1]. Combining the two components enabled a concurrent closing despite the property facing negative cash flow and an upcoming property improvement plan (PIP) required by the brand [1].

As reported by Hotel Business, the brokerage assisted with financing and aligned due diligence, deadlines, and closing requirements across both active contracts [1].

What made the Fort Myers off-market transaction successful?

The Fort Myers transaction succeeded through a targeted, confidential marketing process that secured an aggressive buyer within 30 days under strict contractual terms [1].

The 73-room, interior-corridor La Quinta Inn & Suites Fort Myers Airport sold for $6 million, representing approximately $82,192 per key and a 3.8x trailing 12-month room revenue multiplier, according to coverage in Hotel Business [1]. Rather than executing an open marketing campaign, the brokerage presented the asset to a select pool of qualified buyers [1].

To protect the seller from re-trading and protracted due diligence periods, the transaction structure required a hard, non-refundable deposit from day one [1].

How is the Lithia Springs property being repositioned?

The Lithia Springs property is transitioning from an assisted living facility back into an extended-stay hotel operating as a Suburban Studios by Choice [1].

The 86-room, three-story property traded for $5.25 million, representing approximately $61,047 per key, Hotel Business reported [1]. Built in 1998 as a Courtyard by Marriott, the structure sits on approximately 2.26 acres along Interstate 20 in the Atlanta metropolitan area [1]. Marketing generated 132 signed confidentiality agreements despite the asset operating with negative cash flow [1].

The deal required navigating rezoning and entitlements to return the property from senior living to hotel and extended-stay use [1]. An out-of-state buyer acquired the site to capture corporate, logistics, and industrial demand from employers such as Amazon, Google, McMaster-Carr, and Medline Industries, alongside leisure traffic from Six Flags Over Georgia and Hartsfield-Jackson Atlanta International Airport [1].

What are the metrics across the three transactions?

The three transactions represent a total sales volume of $18.5 million across distinct deal structures in Florida and Georgia [1].