Developer Announces New Hotel on Hyatt Regency site

Posted on March 24, 2025

As Featured in Your Observer

The Hyatt Regency hotel is going away, but in its place as part of Kolter Urban’s 1000 Boulevard of the Arts development will be the Hyatt Centric Harborside full-service hotel, offering “an immersive boutique experience,” according to a news release.

The Hyatt Centric Harborside will bring a modern boutique hospitality experience to Sarasota, the release reads. Besides 174 guest rooms, the hotel will offer more than 7,000 square feet of event space, including a grand ballroom, flexible meeting rooms, pre-function areas and a support kitchen. Guests may also enjoy a resort-style pool and a pool bar along the marina.

“The redevelopment of the Hyatt Regency was necessary and we’re positive that the Harborside will not only serve as a vibrant destination for visitors and locals but will also revitalize modern meeting and event spaces, fostering business growth and connectivity,” said Kolter Hospitality President Scott Webb in the release. “This development will create long-term employment opportunities for Sarasota residents, further contributing to the city’s economic vitality.”

Kolter Hospitality and Kolter Urban are divisions of Kolter Group

The hotel will share the 1000 Boulevard of the Arts building with 117 luxury condominiums as part of a two-tower redevelopment of the 50-year-old Hyatt Regency. The building will also include ground-floor retail space with a dedicated area for an independent restaurant at the building’s northeast corner.

The announcement of Hyatt Centric Harborside comes as the company prepares for the transition of the Hyatt Regency Sarasota, which opened in 1975. With the existing facility closing over the summer, Kolter Hospitality and the hotel management firm will host a job fair to assist any displaced employees.

Located adjacent to The Quay, the redevelopment project has faced some headwinds from Quay 1 and 9, the development team of Property Markets Group of Miami and MoneyShow of Sarasota. The City Commission last week rejected an appeal by Quay 1 and 9 to overturn a Planning Board adjustment allowing the project provide a 33-foot-wide driveway into its motor court, nine feet wider than permitted by code.

Get the Article from the Source