Hunter arranges sale of Miami-area Holiday Inn Express & Suites

Hunter Hotel Advisors has arranged the sale of the Holiday Inn Express & Suites Kendall East in Miami. IRAS Group sold the 66-room property to Borluv Group for $8.8 million.

Robert Taylor and Sophia Pittaluga of Hunter’s Miami Office arranged the sale on behalf of IRAS Group.

With a location 14 miles from Miami International Airport, this all-suite hotel is attractive to leisure, family and business travelers, according to the company. In addition to amenities like free high-speed internet, an outdoor pool and a fitness center, guests are close to Zoo Miami, the University of Miami and the recently renovated Palms at Town & Country Mall.

The location and strong brand association helped the property outperform competition in occupancy, ADR and RevPAR for the trailing 12-month ending in June of this year, according to the company.