Commercial Real Estate

Owner pulls back on Ritz sale
Slab LLC, the Kansas-based owner of the Ritz-Carlton, Sarasota, has had a change of heart about parting with the luxury resort and taken it off the market.

“The hotel and the resort are performing well, and as a result they're not for sale at this time,” says Robert Johnson, an attorney who represents Slab.

Earlier this year, Slab — a partnership of brothers Robert and Dan Buford and their children — retained brokerage firm JLL to help sell the property, which includes a 266-room hotel and 130 adjacent condominiums; a Lido Key beach club; and an 18-hole golf course and club near Lakewood Ranch.