The Ritz-Carlton, Sarasota was built in 2001 and recently underwent $21 million in capital improvements. The Ritz-Carlton, Sarasota was built in 2001 and recently underwent $21 million in capital improvements.

SARASOTA, FL—Brokerage firm JLL reports it arranged the sale of the Ritz-Carlton, Sarasota hotel here in a transaction valued at more than $180 million.

The brokerage firm represented SLAB LLC in the sale of the 266-room hotel to Dallas-based Ashford Hospitality Prime, Inc., a REIT focused on luxury hotels and resorts. JLL managing director Gregory Rumpel and SVP Andrew Dickey led the JLL team on the sale.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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