Kabani Hotel Group Brokers Sale Of Three Hotels Totaling $18.475M In Florida And Georgia

The transaction involved three hotel properties located at 3440 Southwest 40th Boulevard in Gainesville, FL, 9521 Marketplace Road in Fort Myers, FL, and 950 Bob Arnold Boulevard in Lithia Springs, GA. The total sale price for these properties amounted to $18,475,000. The Comfort Inn Gainesville was sold for $7.225 million, followed by the La Quinta Inn & Suites Fort Myers Airport at $6 million, and a former assisted living facility in Lithia Springs listed at $5.25 million. The Lithia Springs property is set to be converted into a Suburban Studios by Choice.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $18,475,000
• Address: 3440 Southwest 40th Boulevard, 9521 Marketplace Road & 950 Bob Arnold Boulevard
• Market: Gainesville & Fort Myers, FL; Lithia Springs, GA
• Brokers: Suraj Dalal, Kian Mclean, Lucas Mondino & Ahmed Kabani - Kabani Hotel Group - Marcus & Millichap

Kabani Hotel Group facilitated the closure of the three hotel transactions despite facing operational and entitlement challenges. The brokers utilized targeted marketing and strategic deal structuring, highlighting their expertise in navigating the complexities involved in such real estate transactions.