Marcus & Millichap Brokers the Sale of 200-Room Hotel Near Orlando’s Biggest Attractions for $18 Million
“As the Orlando market's performance keeps improving, we have seen a huge uptick in interest for the area. In this deal, the asset was completely stabilized with steady cash flow and strong historical performance. Even now, the hotel is set to outperform 2019 numbers. We all wish the best to the new buyers, and we hope to see them capitalizing on the continued growth here,” said Senior Vice President of Investments, Ahmed Kabani.
The deal was brokered by Kabani, Luis Garino, and Suraj Dalal, of the Kabani Hotel Group in Marcus & Millichap’s Miami office, and Dennis Hopper of DSH Hotel Advisors.
Quality Inn at International Drive Orlando is located at 8300 Jamaican Ct. in Orlando, Florida, within walking distance of renowned restaurants and popular tourist attractions, including ICON Park, Madame Tussauds Orlando, and SEA LIFE Orlando Aquarium. The property features a heated swimming pool, outdoor swimming pool, beauty salon, and complimentary shuttle service.
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About Marcus & Millichap (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.