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 […]

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