Press Releases
Marcus & Millichap Brokers Sale of Key West Boutique Hotel Near Duval Street
November 18, 2025
KEY WEST, Fla., Nov.18, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Cabana Inn Key West, a 24-room boutique hotel in the Old Town section of Key West, Florida.
“This sale underscores the strong investor confidence in the Key West hospitality market, even amid broader economic uncertainty,” said Leo Reilly, director investments “The market’s exceptionally high barriers to entry and consistently leading RevPAR performance continue to draw significant capital and reaffirm Key West’s position as one of the most resilient and sought-after lodging destinations in the nation.”
Reilly, along with Robert Hunter, senior managing director investments, represented the seller and procured the buyer, in conjunction with Berkshire Hathaway Keys Real Estate Knight & Gardner Realty.
“Key West continues to punch above its weight class—limited supply, exceptional walkability, and best-in-market RevPAR keep drawing capital even in uncertain cycles. Cabana Inn is a prime example of that enduring appeal,” said Will Langley, managing partner at Berkshire Hathaway Keys Real Estate Knight & Gardner Realty.
Built in 1949, the Cabana Inn Key West is located at 413 Appelrouth Lane, half a block from Duval Street, the city’s main dining, nightlife, and entertainment corridor. The adults-only property features courtyards, a lagoon-style pool, Jacuzzi, and business center. Nearby points of interest include Mallory Square, the Ernest Hemingway Home & Museum, and the Southernmost Point.
“This sale underscores the strong investor confidence in the Key West hospitality market, even amid broader economic uncertainty,” said Leo Reilly, director investments “The market’s exceptionally high barriers to entry and consistently leading RevPAR performance continue to draw significant capital and reaffirm Key West’s position as one of the most resilient and sought-after lodging destinations in the nation.”
Reilly, along with Robert Hunter, senior managing director investments, represented the seller and procured the buyer, in conjunction with Berkshire Hathaway Keys Real Estate Knight & Gardner Realty.
“Key West continues to punch above its weight class—limited supply, exceptional walkability, and best-in-market RevPAR keep drawing capital even in uncertain cycles. Cabana Inn is a prime example of that enduring appeal,” said Will Langley, managing partner at Berkshire Hathaway Keys Real Estate Knight & Gardner Realty.
Built in 1949, the Cabana Inn Key West is located at 413 Appelrouth Lane, half a block from Duval Street, the city’s main dining, nightlife, and entertainment corridor. The adults-only property features courtyards, a lagoon-style pool, Jacuzzi, and business center. Nearby points of interest include Mallory Square, the Ernest Hemingway Home & Museum, and the Southernmost Point.
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About Marcus & Millichap, Inc. (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, 2024, the company had 1,712 investment sales and financing professionals in over 80 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 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
