Hyatt Place Sarasota sells for $16.1 million 


Picture provided by Hunter Hotel Advisors
Via Sarasota Herald

By John Hielscher

SARASOTA COUNTY — A multi-brand hospitality company that is building two new hotels here just paid $16.1 million for the Hyatt Place Sarasota.
A subsidiary of Lodgco Hospitality LLC bought the 114-room Hyatt Place outside Sarasota-Bradenton International Airport.
Lodgco, based in Mount Pleasant, Michigan, is a partner with developer Floridays Development Co. on two new hotels in Nokomis and Lakewood Ranch.
The three-story Hyatt Place Sarasota, built in 2008, was assessed for tax purposes at $5.3 million. It was sold by Bay Winds Lodging Sarasota LLC, a unit of White’s Lodging in Naples.

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