Sarasota hotel to have two flags

There are roughly 1,000 new hotel rooms under construction in downtown Sarasota and Sarasota County — and another 400 or so keys on the drawing board — but those numbers aren't dissuading TDR Land Holdings.

The Ohio-based developer is planning to build a 200-room lodging property on nearly six acres at Fruitville Road and Interstate 75.

TDR, comprising David Schlabach and two other partners, acquired the site last month for $3.6 million from American Momentum Bank, which had foreclosed on the site.