Blackstone Sells Hyatt Regency Sarasota
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The Blackstone Group LP sold the Hyatt Regency Sarasota hotel at 1000 Boulevard of The Arts in Sarasota, FL to Kiran Patel for $ 57.8 million, or approximately $ 197,000 per room. The 294-room hotel was constructed in 1975 on 5.8 acres in Sarasota County. The property features two restaurants, meeting space, a heated lagoon and a swimming pool. Daniel Peek, Preston Reid and Alexandra Lalos of HFF represented the seller. The buyer handled the…
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