Survey says: No hotel for Whitney Beach Plaza on Longboat Key in Sarasota, FL

Florida Commercial Real Estate - Apartments, Shopping Centers, Retail, Multifamily

Survey says: No hotel for Whitney Beach Plaza on Longboat Key in Sarasota, FL

Whitney Beach Plaza owner Ryan Snyder knows the plaza can’t sustain itself on the leases it has now. An investigation into a 100-room boutique hotel doesn’t offer hope for the site.

Whitney Beach Plaza owner Ryan Snyder spent more than $10,000 and a good portion of the summer investigating whether a 100-room boutique hotel would work on the north end of the Key.

The verdict?

“It’s simply not viable,” he said.

Snyder, whose Lakewood Ranch law practice consists 99% of work for the banking and real estate industries, said he reached out to approximately 40 hotel developers to provide input on the viability of a hotel.

“Some of my contacts are heavy-hitters in the hotel industry with flag hotels like Hyatt and Marriott,” said Snyder, who declined to divulge the names of the consultants who offered…

View original post 260 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s