Kabani’s 8th Annual Hotel Investment Forum set for Oct. 24
The forum, themed “The Time Is Now,” will offer insights and networking opportunities
By Vishnu Rageev RSep 27, 2024
KABANI HOTEL GROUP, a Miami-based hotel brokerage firm, is set to host its 8th Annual Hotel Investment Forum at the JW Marriott Marquis Miami on Oct. 24. The forum, themed “The Time Is Now,” will provide insights and opportunities for attendees to connect with industry peers through sessions, panel discussions and networking, Kabani Hotel said in a statement.
Kabani Hotel Group is led by its Founder and CEO Ahmed Kabani, a South Asian and former leader of Marcus & Millichap’s national hospitality group. He launched the group with partners Luis Garino, Suraj Dalal, Kian McLean and Lucas Mondino.
“The Hotel Investment Forum serves as a pivotal platform for discussing the hospitality industry's future in South Florida,” said Kabani. “This year, we look forward to sharing insights on how we can collectively navigate the evolving market landscape and capitalize on emerging opportunities.”
The forum will cover topics such as the national and Florida hospitality outlook, cost management strategies, capital market availability and the evolving travel landscape.
The event will feature a lineup of speakers, including Greg Friedman, CEO of Peachtree Group; Zack Gharib, president of Red Roof; Miraj Patel, chairman of AAHOA; Andy Ingraham, president, founder and CEO of NABHOOD; Will Garson, vice president of Investments at MCR Hotels; Jeffrey Kolessar, chief development officer at GF Hotels & Resorts; Brian Waldman, chief investment officer of Peachtree Group; John Lancet, senior managing director at HVS; Maddie Jansen, associate regional director at BWH; Rahit Mathur, CEO and co-founder of Bridge and Sharad Gandhi, regional vice president at Choice Hotels.
Kabani Hotel recently facilitated the off-market sale of a 110-room hotel in Miami Springs, Florida, for $16.2 million, or $147,272 per room.
Sonesta launched Americas Best Value Studios, an extended-stay version of ABVI.
The model targets owners seeking limited front desk and housekeeping.
The brand meets demand for longer-term, value-focused stays.
SONESTA INTERNATIONAL HOTELS Corp. launched Americas Best Value Studios by Sonesta, an extended-stay version of its franchised brand, Americas Best Value Inn. The model targets owners seeking limited front desk and housekeeping, optional fitness center and lobby market along with standard brand requirements.
The brand aims to address the growing demand for longer-term, value-driven accommodations, Sonesta said in a statement.
"Americas Best Value Studios by Sonesta represents a strategic evolution of our trusted Americas Best Value Inn brand," Keith Pierce, Sonesta’s executive vice president and president of franchise development, said. "We are expanding our offerings to directly address the increasing demand within the extended-stay segment, providing a practical solution for travelers seeking longer-term lodging at value. This new brand type allows our local franchised owner-operators to tap into a growing market while maintaining the community-focused experience that Americas Best Value Inn is known for."
ABVI has a majority presence in secondary and tertiary markets, the statement said.
The extended-stay brand’s operational model features a front desk, bi-weekly housekeeping, on-site laundry and pet-friendly accommodations, Sonesta said. Guests can also earn or redeem points through the Sonesta Travel Pass loyalty program.
In August, Sonesta named Stayntouch its preferred property management system after a two-year review of its ability to support the company’s franchise model. The company operates more than 1,100 properties with more than 100,000 rooms across 13 brands on three continents.
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