Update: HFF announced the closing of this sale in November 2016.
HFF recently announced a new investment value-add opportunity with the Hyatt Regency Sarasota, an exceptionally-located, bayfront hotel in Sarasota, Florida, on Florida’s flourishing west coast.
The 288,694-square-foot, 294-room, branded Florida hotel property is located in downtown Sarasota on 4.8 waterfront acres and features a 13-story tower with a 32-slip marina and dockmaster. The Florida hotel property in Sarasota also provides a sheltered lagoon with nearly 850 feet of water frontage, showcasing the city's rolling white-sand beaches and sparkling blue waters on Florida’s Gulf Coast.
The Hyatt Regency Sarasota is located just north of downtown along the vibrant blue waters of Sarasota Bay. Situated within a one-hour drive south of Tampa/St. Petersburg, Sarasota's tourist scene welcomes "snow birds" looking for a winter escape along with excellent economic development opportunities for businesses. The city has been recognized as America's Best Small City by CNN/Money Magazine and the No. 3 Best Beach in the United States in Siesta Key by TripAdvisor in 2016.
The Hyatt Regency Sarasota represents the only AAA Four Diamond Hotel in the Sarasota area and is the winner of the 2015 TripAdvisor Certificate of Excellence, affording a new owner immediate scale and prestige within Sarasota’s high-performing lodging market.
This Florida hotel property for sale in Sarasota represents an opportunity to acquire a strongly-performing, exceptionally-located and well-positioned full-service hotel with significant upside at a discount to replacement cost. If you are looking for hotel properties in Florida and want more information on the Hyatt Regency Sarasota, please contact the HFF Tampa or HFF Miami office.