Interstate Adds Hyatt Regency Sarasota to Portfolio

ARLINGTON, VA—Interstate Hotels & Resorts has been selected to manage Hyatt Regency Sarasota.

Owned by a group led by Florida philanthropist Dr. Kiran Patel, the resort-style, 294-room hotel has more than 20,000 sq. ft. of meeting space, a lagoon-style pool, a 24-hour gym and a private 32-slip marina and dock.

The hotel will be asset-managed by KDG Capital. The global hotel management company also operates a 230-room Marriott in Minneapolis for Patel.