Kabani Hotel Group Brokers $10.49M Sale Of Comfort Inn In Orlando

The asset involved in this transaction is the Comfort Inn located at 8134 International Drive, Orlando. The hotel was sold for a total price of $10,490,000, which equates to $93,660 per key. The transaction was conducted under a room revenue multiplier of over 4x. The buyer intends to initiate major renovations aimed at leveraging the tourism demand prevalent in the area.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $10,490,000
• Address: 8134 International Drive - Comfort Inn
• Market: Orlando
• Price per Key: $93,660
• Room Revenue Multiplier: Over 4x
• Brokers: Ahmed Kabani, Suraj Dalal & Kian Mclean - Kabani Hotel Group - Marcus & Millichap

Kabani Hotel Group facilitated the transaction, securing a buyer through a defeasance of an existing CMBS loan. The brokers involved in the deal are Ahmed Kabani, Suraj Dalal, and Kian Mclean, representing the selling side while also being affiliated with their respective agency, Marcus & Millichap.