Lodgco Mgmt Acquires Hyatt Place Sarasota
White Lodging Services Corporation sold the 114-room Hyatt Place Sarasota at 950 University Pky in Sarasota, FL to Lodgco Management for $ 16.1 million, or approximately $ 141,000 per room. The 100,000-square-foot hotel delivered in 2008 on three acres in Sarasota County. Teague Hunter of Hunter Hotel Advisors represented the seller. The buyer handled the sale in-house. Please see CoStar COMPS #3658405 for more information on this transaction.
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group