Skip to content

Search

Latest Stories

Baywood acquires Miami Hyatt Place

The Columbia, Maryland-based firm is led by President Al Patel

Baywood Acquires Hyatt Place Miami Airport-West/Doral |Miami

Columbia, Maryland-based Baywood Hotels recently acquired the 124-room Hyatt Place Miami Airport-West/Doral in Miami.

Summary:

  • Baywood Hotels, based in Columbia, Maryland and led by President Al Patel, acquired the 124-room Hyatt Place Miami Airport-West/Doral in Miami.
  • The hotel is near Miami International Airport, South Beach, UPS, FedEx, Boeing, and the upcoming Oasis of Doral.
  • Hunter Hotel Advisors, led by Robert Taylor and Sophia Pittaluga, brokered the sale.

BAYWOOD HOTELS RECENTLY acquired the 124-room Hyatt Place Miami Airport-West/Doral in Miami. Hunter Hotel Advisors, led by Executive Vice President Robert Taylor and Senior Vice President Sophia Pittaluga, brokered the sale, Hunter said in a statement.


“We are excited to execute this deal on behalf of our client,” said Pittaluga. “The asset benefits from airport, leisure and corporate demand, with Baywood positioned in a submarket seeing continued business and residential growth.”

The hotel is near Miami International Airport, Miami International Mall, Trump National Doral’s Blue Monster Golf Course, South Beach, Wynwood, Dolphin Mall, and Marlins Park. Corporate offices including UPS, FedEx, and Boeing contribute to demand, along with the upcoming Oasis of Doral development. The hotel includes 1,127 square feet of meeting space in two rooms, a fitness center, business center and outdoor pool.

Columbia, Maryland-based Baywood, founded in 1975 by Nick Patel with a single motel in Laurel, is now led by President Al Patel.

Nexgen Management, led by CEO Paul Uppal, acquired the four-story, 139-room Hampton Inn & Suites El Paso-Airport in El Paso, Texas.

More for you

Nanak Acquires Warwickshire’s Kings Court Hotel for £2.75M
Photo credit: Colliers International UK

Nanak acquires Warwickshire, England, hotel for $3.74M

Summary:

  • Nanak Hotels, owned by British Indians, acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for $3.74 million.
  • The firm plans to invest in the property's refurbishment and repositioning.
  • Colliers International UK brokered the deal, led by Josh Sullivan and Peter Brunt.

UK-BASED NANAK HOTELS recently acquired the 60-room Kings Court Hotel, a 17th-century property in Warwickshire, England, for £2.75 million or around $3.74 million. This is the first regional acquisition by the privately held firm led by British Indians Harpreet Singh Saluja and Karamvir Singh.

Keep ReadingShow less
Comfort Inn Orlando Sold for $10.49M in Kabani Deal

Comfort Inn in Orlando, FL, sold for $10.5M

  • Comfort Inn International Dr., a six-story, 112-room hotel in Orlando, sold for $10.49 million.
  • Kabani Hotel Group, led by CEO Ahmed Kabani, brokered the deal—their third Orlando sale this year.
  • The hotel is near Disney World, Universal, ICON Park and the convention center.

COMFORT INN INTERNATIONAL Drive in Orlando, a six-story, 112-room property, was recently sold for $10.49 million, reflecting a price per key of $93,660 and a room revenue multiplier of more than four times. Kabani Hotel Group brokered the deal, led by CEO and founder Ahmed Kabani, with partners Suraj Dalal and Kian McLean.

The property is located in an Orlando submarket near Disney World, Universal Orlando, ICON Park, and the Orange County Convention Center, the statement said.

Keep ReadingShow less
Fremont CA: Sagemont Hotels Opens 128‑Suite Homewood Suites

Sagemont opens Homewood Suites in Fremont, CA

Summary:

  • Sagemont Hotels opened the five-story, 128-key Homewood Suites in Fremont, California.
  • Offers studio, one-bedroom and two-bedroom suites.
  • Located 12 miles from San Jose Mineta International Airport.

Homewood Suites by Hilton Fremont is now open in Fremont, California. The five-story, 128-key property is operated by Sagemont Hotels, led by President and CEO Hiral Patel.

Keep ReadingShow less
Five Star Acquires Courtyard Dalton, GA Hotel in Expansion

Five Star acquires Dalton, GA, Courtyard

Summary
  • Five Star acquired the 93-key Courtyard Dalton in Dalton, Georgia.
  • The Georgia-based firm is led by Managing Principal Anish Govan.
  • The 2016-renovated hotel is near Dalton’s industrial hub.

FIVE STAR GROUP recently purchased the 93-key Courtyard Dalton in Dalton, Georgia, from an institutional seller. The company, based in Dalton and founded by Naren Patel in 1990, is led by Managing Principal Anish Govan.

Other terms of the deal were not disclosed in the transaction brokered by Mayank Patel, senior vice president at Hunter Hotel Advisors.

Keep ReadingShow less
Wyndham Garden Tallahassee Florida Sold for $7.91M
Photo credit: Wyndham Hotels & Resorts

Wyndham Garden Tallahassee, FL, sold for $7.91M

WYNDHAM GARDEN TALLAHASSEE Capitol, a 147-room hotel in Tallahassee, Florida, was recently sold for $7.91 million, or $53,844 per key. Kabani Hotel Group brokered the deal, led by CEO and founder Ahmed Kabani, with partners Suraj Dalal and Kian McLean.

The asset, encumbered by a CMBS loan, required defeasance to complete the sale, Kabani said in a statement. Despite negative cash flow, the hotel sold at a 2.72x room revenue multiplier, reflecting investor confidence in the market’s long-term potential.

Keep ReadingShow less