Ronto Group adds to Lido Beach site

Naples firm buys Coquina on the Beach hotel as part of five-star, hotel-branded condominium planned for Sarasota.

  • By Kevin McQuaid
  • | 12:00 p.m. June 17, 2021
COURTESY RENDERING -- In Tampa, Rontoo Group is preparing the construct Altura Bayshore, a 22-story condo tower, one of a handful of projects the Naples company has underway.
COURTESY RENDERING -- In Tampa, Rontoo Group is preparing the construct Altura Bayshore, a 22-story condo tower, one of a handful of projects the Naples company has underway.
  • Commercial Real Estate
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The Ronto Group, as part of a plan to develop a five-star, hotel-branded condominium tower in Sarasota, acquired the Coquina on the Beach hotel on June 1 for $15 million, property records show.

 

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