Why Travelodge Remains a Valuable Hospitality Asset?
TRAVELODGE FORT MYERS Airport, a 49-room property in Fort Myers, Florida, was recently sold for $3,750,000, at a price per key of $76,530. The deal was brokered by Kabani Hotel Group, led by CEO and founder Ahmed Kabani and agent Kian Mclean.
The hotel is near Southwest Florida International Airport and attractions including JetBlue Park, Gulf Coast Town Center and the beaches of Fort Myers and Sanibel Island, Kabani said in a statement.
The sale achieved a 4.64x revenue multiple, highlighting investor interest in Florida’s hospitality markets.
“Travelodge Fort Myers Airport is a value-add opportunity for a hands-on operator to reflag this property to a midscale or upper midscale brand,” said Kabani. “This sale reinforces the strength of Florida’s hospitality sector and the appetite for select-service hotels with proven performance.”
Mclean said the transaction shows the team's ability to identify and close deals that deliver value to both buyers and sellers.
“The Fort Myers area continues to be a magnet for investment, and we are proud to have facilitated this acquisition,” he said.
Florida’s tourism industry continues to show steady performance, supported by year-round visitation, business travel, and population growth, according to Kabani. Markets like Fort Myers draw investors seeking assets with stable cash flow. The property's location and operations aligned with buyer interest in returns and long-term positioning.
In February, Kabani Hotel Group brokered the sale of the 105-room Holiday Inn Express & Suites Florida City for $13.2 million, at a price per key of $125,714, marking the company’s fifth deal of the year.
