Marcus & Millichap Sells Holiday Inn Express In Florida City For $10M

Marcus & Millichap has sold the Holiday Inn Express located at 35200 South Dixie Highway in Florida City, Florida. The hotel property, situated on 2.90 acres of land, was sold for a total price of $10 million. The transaction took place on May 16, 2023. The Holiday Inn Express consists of 105 rooms and has a price per key of $95,238.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $10,000,000
• Address: 35200 South Dixie Highway, Florida City, Florida
• Market: Florida City
• Asset Type: Hotel
• Acres: 2.90

Ahmed Kabani & Suraj Dalal from Marcus & Millichap represented the sellers in this transaction. The buyer, an out-of-state investor from California, closed the deal with an all-cash payment. The property attracted attention from the buyer due to its unique characteristics and the potential for a profitable investment.