- Palm Holdings acquired the Delta Hotels in West Palm Beach, Florida.
- The property sold for $23.75 million.
- The deal was Kabani Hotel Group’s second closing of 2026.
PALM HOLDINGS ACQUIRED the 11-story, 199-key Delta Hotels by Marriott West Palm Beach in West Palm Beach, Florida. Kabani Hotel Group brokered the deal.
The property sold for $23.75 million, according to The Business Journal.
Palm Holdings is led by Chairman Ashok Taneja and CEO Sheetal Kapoor. The off-market transaction was handled by Suraj Dalal, a partner at Kabani and Ahmed Kabani, founder and CEO. The sale was Kabani’s second closing of 2026.
The property, acquired two years ago as a Holiday Inn, was renovated and converted to Delta Hotels by Marriott, Kabani said in a statement. Nearby attractions include Cox Science Center and Aquarium, Manatee Lagoon, Worth Avenue Clock Tower, Palm Beach Kennel Club and Poker Room, Palm Beach Zoo, Lion Country Safari and Rapids Water Park.
“Maintaining strict confidentiality around ownership was critical throughout the process,” Dalal said. “The Canadian firm acquired the property in an all-cash transaction, reflecting continued international demand for Florida hotels. Despite political and capital markets uncertainty, South Florida fundamentals remain strong, with Florida ranking as the most visited U.S. state and buyers showing long-term conviction in core markets such as West Palm Beach.”
Kabani said the transaction reflects the importance of direct engagement with hotel owners in today’s market.
“The buyer saw the long-term potential of the location and the strength of the Marriott platform,” he said.
Kabani closed more than $2 billion in hotel transactions and recently facilitated the $9 million sale of the voco hotel in St. Augustine, Florida.
