Miami, FL – June, 2026 – Kabani Hotel Group is pleased to announce the successful sale of Extended Stay Pensacola, a 59-room extended-stay hotel located at 6950 Pensacola Blvd in Pensacola, Florida.
The transaction was exclusively brokered by Lucas Mondino, Partner, and Ahmed Kabani, Founder & CEO of Kabani Hotel Group, further demonstrating the firm’s continued success in executing hospitality transactions across Florida and the Southeast.
The property sold at a price per key of $53,390 and reflected a 2025 room revenue multiple of 4.71x and a 2025 cap rate of 5.01%. The buyer plans to convert the property into a Suburban Studios by Choice Hotels, representing a value-add repositioning strategy aimed at enhancing the asset’s brand affiliation, operational efficiency, and long-term performance.
Extended Stay Pensacola is a two-story, 59-room interior corridor hotel situated on approximately 1.02 acres. The property features an extended-stay operating model, with all guestrooms equipped with kitchenettes that include a stovetop, refrigerator, sink, and microwave. The asset also benefits from prior renovations completed in 2021 and 2022.
Located directly off Pensacola Boulevard with convenient access to Interstate 10, the property is positioned near several major demand generators, including Pensacola International Airport, Naval Air Station Pensacola, the University of West Florida, Pensacola Beach, the Port of Pensacola, and other key military, education, tourism, and business drivers throughout the Pensacola MSA.
“This transaction highlights the continued demand for extended-stay hotels that offer investors a clear value-add opportunity,” said Lucas Mondino. “The buyer recognized the upside in converting the property into a nationally branded extended-stay product, while benefiting from the asset’s existing room configuration and strategic location.”
The transaction highlights continued investor demand for extended-stay assets, particularly properties with kitchenettes, strong in-place cash flow potential, and repositioning opportunities within markets supported by military, tourism, education, and business demand.
“Extended-stay hotels continue to attract significant interest from buyers seeking stable operating models and long-term demand,” said Ahmed Kabani. “This sale reflects the strength of the Pensacola market and the continued appetite for assets that can be repositioned under a stronger brand platform.”
This closing further reinforces Kabani Hotel Group’s expertise in hotel sales, value-add repositioning opportunities, and strategic advisory services for hospitality owners and investors 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.