Deal to tear down Hyatt has been called off [South Florida]
A deal to tear down the 297-room Hyatt Sarasota and its connected conference space is dead, a victim of the less-than-crying need for more luxury high-rise condominiums in Southwest Florida.
While it might feel like a canceled $65 million check to the hotel’s owners, the demise of the year-old sales contract with WCI Communities Inc. was greeted with enthusiasm by those whose job it is to attract visitors to the region.