Beach motel sells for $23.5 million, buyer plans luxury condos

The Gulf Beach Resort Motel is at 930 Benjamin Franklin Dr. on Lido Key in Sarasota. It was built in 1950.

  • By Business Observer Staff
  • | 2:27 p.m. January 29, 2021
Courtesy. The former Gulf Beach Resort Motel has sold for $23.5 million.
Courtesy. The former Gulf Beach Resort Motel has sold for $23.5 million.
  • Manatee-Sarasota
  • Share

SARASOTA — The former Gulf Beach Resort Motel has sold for $23.5 million.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news
Subscribe

Already subscribed? Sign in.

Latest News

  • March 24, 2026
Saks changes its mind: Sarasota-UTC store will remain open
  • March 24, 2026
233 acres in Charlotte County sold to Amazon
  • March 24, 2026
Sarasota angel investors back local software startup
  • March 24, 2026
Wealth management firm relocates in Lakewood Ranch

Sponsored Content