Miami, FL – January 2026 – Kabani Hotel Group is pleased to announce the successful sale of the Ramada Baymeadows, located at 9150 Baymeadows Rd, Jacksonville, FL, for $11,000,000. The property was delivered fully vacant at closing, representing a non-operational, special situation investment. Additionally, an adjacent parcel of land totaling 1.41 acres traded for $2,500,000.
The transaction was exclusively brokered by Lucas Mondino, Partner, and Ahmed Kabani, Founder & CEO of Kabani Hotel Group, further demonstrating the firm’s ability to execute on complex dispositions involving distressed and non-performing hospitality assets.
At the time of sale, the property was not in operation and reflected a negative cash flow scenario, requiring a strategic repositioning approach. Rather than underwriting the asset based on in-place hotel performance, the buyer identified value through an adaptive reuse strategy, acquiring the property for conversion into veterans housing. The buyer also acquired an adjacent parcel with plans to develop additional housing as part of the broader redevelopment.
“This was a highly nuanced transaction where traditional hotel metrics did not apply,” said Lucas Mondino. “Our focus was on identifying buyers who could look beyond the asset’s current condition and capitalize on its underlying real estate value and alternative-use potential.”
Located within a well-established Jacksonville corridor with strong accessibility and surrounding infrastructure, the asset presented a compelling opportunity for repositioning into a needs-based housing use. The buyer, a nonprofit organization, intends to convert the property to provide housing for veterans within the immediate Jacksonville MSA.
“This transaction reflects a broader trend we are seeing across the market, where underperforming or obsolete hotel assets are being repositioned into alternative uses,” said Ahmed Kabani. “Our role is to bridge that gap and connect sellers with the right buyers who can unlock that value.”
This closing further reinforces Kabani Hotel Group’s expertise in handling distressed assets, adaptive reuse opportunities, and complex deal structures, continuing to deliver results across evolving market conditions.
About Kabani Hotel Group, Inc. Kabani Hotel Group, Inc., based in Miami, FL, is a premier brokerage firm specializing in hotel sales, offering comprehensive market research, consulting, and advisory services. With approximately $2 billion in hospitality transaction volume closed over the past 16 years, Kabani Hotel Group continues to set industry standards for excellence and client-focused results.
For more information, visit www.KabaniHotelGroup.com or contact Ahmed Kabani at (305) 807-8080.