Kabani Hotel Group has sold the Travelodge Fort Myers Airport in Florida for $3,750,000, reflecting a price per key of $76,530 across its 49 interior corridor rooms. Other terms and conditions were not disclosed. The deal was led by Kian Mclean and Amed Kabani. The sale achieved a revenue multiple of 4.64x.
Located minutes from Southwest Florida International Airport, the Travelodge Fort Myers Airport has access to regional attractions including JetBlue Park, Gulf Coast Town Center and the beaches of Fort Myers and Sanibel Island. The property's location and operational performance made it a compelling opportunity for buyers focused on strong returns and strategic positioning.
“Travelodge Fort Myers Airport is a perfect value-add opportunity for a hands-on operator to reflag this property to a midscale/upper midscale brand” Kabani, CEO and founder of Kabani Hotel Group, said in a statement. “This sale reinforces the strength of Florida’s hospitality sector and the appetite for select-service hotels with proven performance.” Florida’s tourism industry continues to demonstrate resilience and growth, fueled by year-round visitation, business travel, and an expanding population. Markets like Fort Myers remain especially attractive for investors seeking value-aligned assets with stable cash flows and growth potential.
“This transaction showcases our team's ability to identify and close deals that deliver value for both buyers and sellers,” said Mclean, agent at Kabani Hotel Group. “The Fort Myers area continues to be a magnet for investment, and we are proud to have facilitated this strategic acquisition.”