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.
3H Group and Aztec Group opened the first LivSmart Studios by Hilton in Tullahoma, Tennessee, for stays of 10 days or more.
A second 137-room hotel is set to open later this summer in Kokomo, Indiana, owned by Sun Management & Development Corp.
More than 90 hotels are planned, with more than 225 deals in negotiation.
The LivSmart Studios by Hilton Tullahoma is now open in Tullahoma, Tennessee. The 89-room property, developed by 3H Group and Aztec Group, is the first location for the brand and targets guests staying 10 nights or more, a segment Hilton says is largely unmet.
3H Group, based in Chattanooga, Tennessee, is led by President and CEO Hiren Desai and Aztec Group, based in Miami, is led by Founder and CEO Ezra Katz.
“Opening the first LivSmart Studios by Hilton is an important moment for our team,” said Desai. “We’re partnering with Hilton to launch this new brand and introduce it to the Tullahoma community. This hotel sets the foundation for what will become a national option for long-stay travelers and we’re contributing to the brand’s growth.”
Hilton plans to open a second 137-room hotel later this summer in Kokomo, Indiana, which will be owned by Sun Management & Development Corp., Hilton said in a statement. Chris Silcock, Hilton’s president of global brands and commercial services, said the company has a track record of building brands that meet changing guest needs and deliver value for owners.
“LivSmart Studios represents the latest chapter in our growth strategy as we expand our extended-stay presence with a product designed for longer stays,” he said. “The debut of this brand reinforces our commitment to offering a Hilton experience for every traveler and every stay.”
More than 90 hotels are expected to open in the coming years, with over 225 deals in negotiation, the statement said.
“LivSmart Studios was created to meet growing demand for accommodations designed for longer stays,” said Isaac Lake, Hilton's brand leader for LivSmart Studios by Hilton. “The opening of our first property in Tullahoma brings that plan to life. As the brand grows, we plan to expand into more communities and offer a new option for long-stay hospitality.”
In April, 3H Group opened the first Hyatt Studios Mobile/Tillmans Corner in Mobile, Alabama.
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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.
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.
“The acquisition of Courtyard Dalton aligns with our ongoing expansion in a submarket that has performed well for us,” said Govan. “We see upside through investment and operational synergies and plan to allocate capital to enhance returns. Mayank and the Hunter team brought strong professionalism and industry knowledge, making them a key partner in this transaction.”
Dalton, the second largest city in northwest Georgia and a manufacturing hub, provides access to Chattanooga and Atlanta, placing the hotel at a junction in the Southeast. Nearby are Shaw Industries, Mohawk Industries, the 255-bed Hamilton Medical Center and Dalton State College, which serves more than 5,000 students.
Patel said they are grateful for the seller’s continued trust in the Hunter team.
“The Courtyard Dalton attracted numerous qualified bidders in a competitive process. The Five Star team stood out with strong terms and closed earlier than expected.”
Amenities at the 2016-renovated Courtyard Dalton include a fitness center and indoor pool.
In November, Five Star Group affiliates Five Star Hospitality Management and Dream Capital named Justin Patel senior associate of investments and asset management and Kimberly Rowell executive vice president.
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.
“We are confident the new ownership will thrive in this location,” said Kabani. “Despite a challenging financing environment and interest rate headwinds, the right buyer was identified and secured new financing after the loan defeasance process.”
Dalal said the deal was challenging, involving CMBS loan defeasance, leasehold transfer, limited debt availability and multiple failed sale attempts.
“As our 11th hotel closing in 2025, we leveraged our deal history and investor relationships to bring this to a successful close,” he said.
Tallahassee, Florida’s state capital and the property’s location, remains a steady hospitality investment market driven by government, education and healthcare. More than 70,000 students attend Florida State University, Florida A&M University and Tallahassee Community College. Demand also comes from the state capital, legal sector and medical institutions such as Tallahassee Memorial HealthCare. Projects like the Heel District signal continued economic and infrastructure activity.
“This transaction tested the depth of our buyer network,” said McLean. “Given the challenges—from CMBS defeasance to a leasehold structure and negative cash flow—only a highly qualified, motivated buyer could get this to the finish line. That we sourced such a buyer speaks to the reach and strength of our investor relationships.”
In May, Kabani brokered the $3.75 million sale of the 49-room Travelodge Fort Myers Airport in Fort Myers, Florida.
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.