There are roughly 1,000 new hotel rooms under construction in downtown Sarasota and Sarasota County — and another 400 or so keys on the drawing board — but those numbers aren’t dissuading TDR Land Holdings.
Source: www.businessobserverfl.com
TDR Land Holdings of Ohio is planning to build a 200-room lodging property on nearly six acres at Fruitville Road and Interstate 75 in Sarasota. TDR acquired the site last month for $3.6 million from American Momentum Bank, which had foreclosed on the site. The proposed six-story hotel will be dual-branded — with the Sleep Inn and Mainstay Suites flags. TDR plans to start construction on the new hotel in March and complete it in early 2018.