Blackstone Sells Hyatt Regency Sarasota (Correction)
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The Blackstone Group LP sold the Hyatt Regency Sarasota hotel at 1000 Boulevard of The Arts in Sarasota, FL to a group of investors led by Dr. Kiran Patel for $ 76 million, or approximately $ 259,000 per room. The 294-room hotel was constructed in 1975 on 5.8 acres in Sarasota County. The 13-story, 180,312-square-foot property features two restaurants, meeting space, 24-hour gym, a heated lagoon and a swimming pool, and a 32-slip, full-service marina…
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