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SureStay Hotel opens in Rockford, Illinois

The 122-room hotel is near Rockford University

SureStay Hotel opens in Rockford, Illinois

The SureStay Hotel by Best Western Rockford East is now open in Rockford, Illinois. It is owned by Bankim Hirpara.

The 122-room hotel is near Rockford University, Midway Village Museum, Hurricane Harbor Rockford waterpark, CherryVale Mall, Discovery Center Museum, Aldeen Golf Club and Rock Cut State Park.


“We’re excited to join the SureStay brand and open our doors in East Rockford,” Hirpara said. “We look forward to welcoming guests to our convenient location, which is within proximity to some of Rockford’s most exciting destinations. Our staff is eager to provide our guests with a stay they can be sure about.”

In May, the Best Western Plus Magnolia Inn & Suites opened in Cleveland, Tennessee. It is owned by Jay Patel.

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Kabani brokers $9M sale of Florida voco
Photo Credit: voco hotel in St. Augustine, Florida

Kabani brokers $9M sale of Florida voco

Summary:

  • Kabani facilitated the $9M sale of the voco hotel in St. Augustine, Florida.
  • The 50-key, 2019-built hotel is on Anastasia Island.
  • The deal closed at a 6.3 percent capitalization rate and a 5.3x room revenue multiple.

KABANI HOTEL GROUP facilitated the sale of the 50-room voco hotel in St. Augustine, Florida, for $9 million, or $180,000 per key. The deal closed at a 6.3 percent capitalization rate and a 5.3x room revenue multiple.

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