Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.
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.
Dalal said this was their third hotel sale in Orlando this year.
“We know the Orlando market well, especially International Drive,” he said.
This marks Kabani Hotel Group’s 12th hotel transaction of 2025 and reflects its activity as an advisor in Florida’s hospitality investment market.
Kabani secured a buyer and closed the deal with defeasance of an existing CMBS loan, as the new owner plans renovations to improve operations and meet local tourism demand, the company said in a statement.
“Our team takes pride in navigating complex transactions, and this closing shows how we add value through execution,” said Kabani. “We’re pleased to have delivered a strong outcome for our client and look forward to the new ownership’s success in this high-demand market.”
“This transaction is a clear example of how critical buyer relationships are in today’s challenging capital markets environment,” said McLean. “From managing the defeasance process to keeping the deal on track through shifting financing terms, we identified and secured a buyer with the strength and certainty to close, showcasing the depth of our investor network and execution capabilities.”
Separately, Kabani brokered the $7.91 million sale of the 147-room Wyndham Garden Tallahassee Capitol in Florida at $53,844 per key.
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.
The hotel is near Levi Stadium, the University of California Berkeley, Stanford University, Cal State East Bay and Mission Peak Regional Preserve, Sagemont said in a statement. It is 12 miles from San Jose Mineta International Airport.
“We are thrilled to celebrate the opening of Homewood Suites Fremont with the Fremont community,” said Ajay Raman, Sagemont’s president of operations. “This dynamic city, known for its innovation, diversity and community spirit, provides the perfect backdrop for our newest property. We’re confident that Homewood Suites will enhance the experience for Fremont’s visitors while contributing to the continued growth and vitality of the local economy. We look forward to the lasting memories this hotel will help create for all who walk through its doors.”
The property features studio, one-bedroom and two-bedroom suites, the statement said. The property includes a swimming pool, fitness center, EV charging stations, covered lower-level parking, an outdoor patio with a fire pit and 600 square feet of meeting space for up to 40 people.
In May, Whitestone Capital, a division of Whitestone Cos. led by CEO Jay Batra, reopened the dual-branded Hilton Garden Inn and Homewood Suites in Colorado Springs, Colorado.
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Courtyard by Marriott San Bernardino Loma Linda is now open in Loma Linda, California. The 125-room hotel is operated by Sagemont Hotels, led by President Hiral Patel.
The hotel is near Loma Linda University Health, Loma Linda University School of Public Health, Jerry L. Pettis Memorial Veterans Hospital, San Bernardino National Forest and San Bernardino Industrial Park, according to a statement. It is also near Redlands Industrial Park, University of Redlands and California State University, San Bernardino.
“On behalf of the city, I am pleased to welcome the Courtyard by Marriott San Bernardino Loma Linda to our community,” said Phil Dupper, mayor of Loma Linda. “Loma Linda is known for its commitment to health, hospitality and harmony and the hotel’s arrival adds to the spirit of excellence we strive for. We’re excited to see the positive impact on our local economy, our visitors, and the continued growth of our city.”
The 4-story hotel includes a fitness center and 594 square feet of meeting space for up to 20 people.
Red Roof Inn Sanford recently opened in Sanford, North Carolina, after a $1.3 million renovation.
Red Roof Inn Sanford is now open in Sanford, North Carolina. The 122-room property, owned by Jay Dan Gigev 2501 LLC led by Raviraj Viradiya, recently completed a $1.3 million renovation.
The hotel is near downtown Sanford, Central Carolina Community College, Devils Ridge Motocross, Raven Rock State Park, Aloha Safari Park, Jordan Lake State Recreation Area, the Railroad House Museum, Temple Theatre, Hugger Mugger Brewing Company, Sanford Antique Mall and the Mural Art Trail. Fayetteville Regional Airport and Raleigh-Durham International Airport also are nearby.
The hotel has an outdoor pool and is pet friendly.
Zack Gharib, Red Roof’s president, recently said the company is focusing on strategic investments in people and technology to advance the brand amid challenges.
What makes this IHG hotel unique in Coralville, Iowa?
IHG HOTELS & RESORTS’ dual-brand avid hotels Coralville and Candlewood Suites Coralville in Coralville, Iowa, are now open. The property is owned by Westcor JD Royal Hospitality, led by Mona and Pankaj Patel.
This is the brand’s 80thproperty in the U.S., second in Iowa and fourth dual-branded avid hotels and Candlewood Suites since the prototype launched in 2021, IHG said in a statement.
“We’re proud to introduce the first avid hotels and Candlewood Suites dual-brand property to Coralville, as this hotel is one of the largest of its kind in the U.S.,” said the Patels. “This pairing is designed to meet the needs of both short-term and extended-stay guests, delivering a stay that feels just right. At avid hotels Coralville – Iowa City, every detail focuses on the essentials—no matter where your travels take you.”
The 71-room avid and 68-room Candlewood are near the University of Iowa and the Antique Car Museum of Iowa and includes a fitness center.
Avid hotels, IHG’s second-largest brand by system size, is its fastest-growing new-build brand with 131 hotels in the pipeline. In February, avid hotel Harrisburg NE – Hershey Area opened in Pennsylvania with 80 rooms, operated by SNP Management, LLC. Following avid hotel Coralville – Iowa City, Score Hospitality Inc will open avid hotel Victorville – Hesperia, its first in California.
Karen Gilbride, IHG’s vice president for avid hotels, Atwell Suites and Garner hotels, said avid hotels drive strong commercial results and guest loyalty, reflected in some of the highest satisfaction scores in the IHG portfolio.
“Its approach is simple yet effective,” she said. “Since opening our first property in 2018, we’ve grown to 80 hotels and are accelerating our momentum—expanding into new markets and strengthening our presence in existing ones. It’s clear our ‘just right’ strategy continues to resonate with both guests and owners. Looking ahead, we remain focused on enhancing owner returns and elevating the guest experience. One key initiative this year is our revamped breakfast offering—delivering more of what guests want at a reduced operating cost to owners—which we’re excited to roll out at avid hotel Coralville – Iowa City.”
IHG nearly doubled its global conversion signings from 2023 to 2024, with conversions making up about 60 percent of global openings and 40 percent of signings in the first quarter of 2025. Brands including Vignette Collection, voco hotels and Garner hotels recorded the most openings and signings last year.
Who bought the Hampton Inn Nashville-Airport hotel?
TARA INVESTMENTS RECENTLY sold the 111-key Hampton Inn & Suites Nashville-Airport in Nashville, Tennessee to Image Hotels. Charlotte-based Tara is led by Managing Partner Amit Patel, while Savannah-based Image is led by CEO and Chairman Jay Patel and President and COO Kal Patel.
The hotel is near River North, a mixed-use development, and Nashville Yards, a $1 billion, 6 million-square-foot project with office space, a convention center, and an entertainment venue. It serves leisure and business travelers and includes a fitness center and outdoor pool.
“We continue to trust Mayank and Hunter with our portfolio, and they were instrumental in this transaction,” said Amit Patel. “This disposition supports our strategy of harvesting capital and reinvesting in high-barrier-to-entry developments with long-term growth potential. The returns from this investment will help us advance future projects in our pipeline.”
Image is a management and development company operating across the coastal South since 1978, according to its website.
The hotel, along Interstate 40 and next to Nashville International Airport, benefits from its location in a key growth market, Hunter said, citing Cushman & Wakefield data. Nashville had 16.8 million visitors in 2023, generating $10.56 billion in direct local spending. The city is a hub for corporate demand and is home to more than 500 healthcare companies and employers such as Bridgestone.
“We are pleased to announce another successful transaction for a long-standing client,” said Mayank Patel. “The sale of the Hampton Inn allows Tara Investments to focus on new developments in Nashville and Charleston, South Carolina.”
In April, Hunter secured $31.47 million in financing for three hotels, executed by Adeel Amin, senior vice president of capital markets.