Kabani Hotel Group Arranges $13.2M Sale Of Holiday Inn Express & Suites In Florida City
35200 Dixie Highway
$13,200,000
Building Size
—
Asset Type
Hotel
Closing
Feb 28, 2025
AI
The 105-room Holiday Inn Express & Suites is located at 35200 South Dixie Highway in Florida City. The hotel recently transacted for $13,200,000, marking a price per key of $125,714.
Summary of transation details:
- Property Type: Hotel
- Transaction Amount: $13,200,000
- Address: 35200 South Dixie Highway - Holiday Inn Express & Suites
- Market: Florida City
- Keys: 105
- PPK: $125,714
A collaboration between brokers Ahmed Kabani and Suraj Dalal of Kabani Hotel Group facilitated this transaction. The firm successfully arranged the sale within a tight timeline of 15 days, utilizing a confidential process and leveraging their prior experience with the property. This sale represents Kabani Hotel Group's fifth closing of the year.
Players
Homestead Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93