Ocean Properties Ltd. closes on Lido's Sandcastle Hotel

  • By Business Observer Staff
  • | 10:01 a.m. February 28, 2014
  • | 0 Free Articles Remaining!
  • Manatee-Sarasota
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BUYER: Lido Sand LLC (principals: Mark, Michael and William Walsh and Richard Ade), Delray Beach
SELLER: Sandcastle Hotel Inc.
PROPERTY: 1540 Benjamin Franklin Drive, Sarasota
PRICE: $27.4 million
LAW FIRM ON DEED: Richard Critchfield, Delray Beach

PLANS, DESCRIPTION: Delray Beach-based Ocean Properties Ltd. purchased the 177-room Helmsley Sandcastle Hotel on Lido Beach for $27.4 million.

The price equated to $154,802 unit.

 

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