The Kabani Hotel Group, a Miami-based hotel brokerage firm, has successfully completed the sale of the Econo Lodge Hollywood Ft. Lauderdale International Airport, a 36-room property located at 1725 Taft St. in Hollywood, Fla. The transaction closed at a sale price of $3,550,000, representing a price per key of $98,611. Other terms and conditions were not disclosed.
Kabani Hotel Group investment specialists Ahmed Kabani and Suraj Dalal represented the seller. Leveraging their deep industry knowledge, the team efficiently connected with a qualified buyer, achieving a rapid and favorable outcome for the seller. Notable metrics in this transaction include a revenue multiplier of 4.14x and a CAP rate of 6.24 percent, underscoring the property’s strong performance within a competitive market.