SARASOTA, Florida—Alex Diaz, trustee of The Tamiami Trail Trust, has purchased the Baymont by Wyndham hotel in Sarasota for $8 million. The 99-room hotel sits on 2.2 acres. Jag Grewal, CCIM, SIOR, of Ian Black Real Estate facilitated the transaction. The seller was Daus Investments, LLC. “This property presented a good opportunity for the buyer because it allowed them to purchase an existing hotel property in a hot hospitality market,” said Grewal, partner at Ian […]

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