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Beachside Management Pays $9.8M for Siesta Beach Resort & Suites

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Beachside Management acquired the Siesta Beach Resort & Suites at 215 Calle Miramar and 5311 Ocean Blvd. in Sarasota, FL from Odyssey Hotel Beta, Inc. for $ 9.75 million, or about $ 162,500 per room. The two-story hospitality building delivered in 1955 in the Sarasota submarket. The owners plan to redevelop the 23,158-square-foot motel, which has 60 rooms. Both parties handled the direct sale in-house. Please see CoStar COMPS #3907070 for…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

Post Tagged with $9.8M, Beach, Beachside, Management, Pays, Resort, Siesta, Suites

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