- December 13, 2025
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The Hyatt Regency in downtown Sarasota is set to be torn down in 2025 to make way for a new mixed-use development that will also include a smaller, more upscale Hyatt-branded hotel.
Delray Beach-based developer Kolter Group, doing business as KT Sarasota Bay, purchased the Hyatt property in July 2022 for $30.67 million.