Travelodge Florida Mall Sold for $5.5 Million in Orlando, FL

 

Travelodge Florida Mall, a 125-room hospitality property located at 1850 West Landstreet Road 

ORLANDO, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Travelodge Florida Mall, a 125-room hospitality property located in Orlando, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset sold for $5,500,000.

Ahmed Kabani, an investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a limited liability company, was secured and represented by Kabani,

Ahmed Kabani

Travelodge Florida Mall is located at 1850 W Landstreet Rd in Orlando, FL.  (Built in 1988, the 132-unit property is an interior and exterior corridor hotel located adjacent to Florida Mall.

The property sits on a total of 2.72 acres.) “This property has an opportunity to grow further under the new management. The property is in an excellent location close to Florida Mall and Orlando International Airport”, stated Kabani.

CONTACT:

Scott Lunine

Vice President

Regional Manager

Miami, FL

(786) 522-7000